Simar has received a salary from her employer during the Previous Year (P.Y) 2020-21 net of deduction of ₹ 80,000 on account of Tax deducted at source and ₹ 84,000 as provident fund contribution of the employee. She has received ₹ 6,36,000 during the year. What is her Gross Salary for the year.
A. ₹ 6,36,000
B. ₹ 8,00,000
C. ₹ 7,16,000
D. ₹ 7,20,000
Answer:B
Simar has received a salary from her employer during the Previous Year (P.Y) 2020-21 net of deduction of ₹ 80,000 on account of Tax deducted at source and ₹ 84,000 as provident fund contribution of the employee. She has received ₹ 6,36,000 during the year. What is her Gross Salary for the year.
A. ₹ 6,36,000 B. ₹ 8,00,000 C. ₹ 7,16,000 D. ₹ 7,20,000