Mr bharat is an employee of a co- operative society of jalgaon during p.y 2017-18. He gets following emoluments.
Basic salary ₹24000 p. m
Dearness allowance ₹120000 p. m
City compensatory allowance ₹1000 p. m
House rent allowance ₹60000 p.a
Life insurance premium paid ₹10000
Determine taxable income for AY 2018-19 rent paid ₹50000
