Quiz-03 - Rs Basic salary 500,000 House Rent Allowance...

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LUMS ACCT 370 (2011) Quiz 03 (17.02.11) Name:____________________________________ Mr. X received the following salary from his employer E. Compute taxable income and tax payable in the case of Mr. X for tax year 2011.
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Unformatted text preview: Rs. Basic salary 500,000 House Rent Allowance 300,000 Utilities 100,000 Medical allowance fixed 100,000 E returns loan taken by X from Y 50,000 Travelling/Daily allowance 10,000 (X spent from his own pocket)...
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This note was uploaded on 05/17/2011 for the course ECON 201 - ECON 201 - taught by Professor Charlesc.chiemeke during the Spring '09 term at American University of Kuwait.

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