PAYE on Employment Income
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Questions and Answers

What is the monthly vehicle allowance received by Suresh?

  • Rs.55,000/-
  • Rs.70,000/-
  • Rs.60,000/- (correct)
  • Rs.65,000/-
  • How much is the monthly medical insurance premium?

  • Rs.6,000/-
  • Rs.4,000/-
  • Rs.5,000/- (correct)
  • Rs.3,000/-
  • What is the monthly rent paid by the employer to the landlord?

  • Rs.20,000/- (correct)
  • Rs.15,000/-
  • Rs.18,000/-
  • Rs.25,000/-
  • What is the engine capacity of the motor car provided by Zeena PLC?

    <p>1,750cc</p> Signup and view all the answers

    How much was reimbursed by Zeena PLC for Suresh's hospital bill?

    <p>Rs.230,000/-</p> Signup and view all the answers

    What is the amount of leave encashment paid during the year?

    <p>Rs.70,000/-</p> Signup and view all the answers

    What is the percentage of EPF contribution by the employer?

    <p>12%</p> Signup and view all the answers

    What is the percentage of ETF contribution by the employer?

    <p>3%</p> Signup and view all the answers

    What is the gross salary received by Suresh per month?

    <p>Rs.220,000/-</p> Signup and view all the answers

    What is the total amount of hospital bill for Suresh?

    <p>Rs.254,000/-</p> Signup and view all the answers

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