For the year ended 31st March, 2021 Paresh receives annual salary of ₹ 2,80,000. Paresh’s contribution to employees recognised provident fund account is ₹ 59,000 and matching contribution has been made by employer. Taxable income of Paresh will be
A. ₹ 1,96,400
B. ₹ 2,06,400
C. ₹3,39,000
D. ₹ 2,80,000
Answer:A
For the year ended 31st March, 2021 Paresh receives annual salary of ₹ 2,80,000. Paresh’s contribution to employees recognised provident fund account is ₹ 59,000 and matching contribution has been made by employer. Taxable income of Paresh will be
A. ₹ 1,96,400 B. ₹ 2,06,400 C. ₹3,39,000 D. ₹ 2,80,000