Ashraf is an employee of Moon Public school. His daughter, Zara, is studying in the said school at concessional fees of ₹ 600 p.m. (Actual fee: ₹ 4,000 p.m.) the amount taxable in the hands of Ashraf will he ………………..
A. ₹ 48,000
B. ₹ 7,200
C. Nil
D. ₹ 40,800
Answer:D
Ashraf is an employee of Moon Public school. His daughter, Zara, is studying in the said school at concessional fees of ₹ 600 p.m. (Actual fee: ₹ 4,000 p.m.) the amount taxable in the hands of Ashraf will he ………………..
A. ₹ 48,000 B. ₹ 7,200 C. Nil D. ₹ 40,800