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AAFM Exam GLO_CWM_LVL_1 Topic 3 Question 44 Discussion
Actual exam question for
AAFM's
GLO_CWM_LVL_1 exam
Question #: 44
Topic #: 3
[All GLO_CWM_LVL_1 Questions]
Topic #: 3
Ramesh retired as General Manager of XYZ Co. Ltd. On 30.11.2012 after rendering service for 20 years and 10 months. He received Rs. 300000 as gratuity from the employer. (He is not covered by Gratuity Act, 1972).
His salary particulars are given below:
He resides in his own house interest on monies borrowed for the self occupied house is Rs. 24000 for the year ended 31.03.2013
Compute taxable income of Ramesh for the year ended 31.03.2013.
Suggested Answer:
B
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