AAFM Exam GLO_CWM_LVL_1 Topic 8 Question 75 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 75
Topic #: 8

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.

A258900

B272600

C265450

D285470

Show Suggested Answer

Suggested Answer: B

by Buddy at Mar 18, 2024, 12:41 AM

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Alyce

2 days ago

I think we need to calculate Ramesh's taxable income based on the given information.

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