ILLUSTRATIONS ON INCOME FROM SALARYIllustration 4.48: Mr. Anand is the General Manager of a transport company drawing a salary of 750.000 per monthThe company has provided him with accommodation in Meerutfor which 10% of his basic salary is deducted. Actual rentpaid by the company for the accommodation is 1,20,000 per annum. He is also receiving entertainment allowance of 500per month. He is provided by the company with a car having engine cubic capacity of 1.8 Ters. for his personal and officialuse but running and maintenance expenses for the same are borne by the assessee himself. He is in receipt of bonusequivalent to 2 month'ssalary. Compute his taxable income under the head "Salary" for the assessment year 2019-20.Assume the population of Meerut is 20 lakhs.Solution104Salary (50,000 * 12)6,00.000Bonus1,00,0006,00010,800Entertainment allowanceCar facility (900 x 12)Value of accommodation at concessional rate15% of salary i.e. 37,06,000 or 1,20,000 whichever is lessLess: Received from the employee1,05,90060,00045,9007,62,700Gross salaryLess: Standard deduction u/s 16(ia)40,000Deduction account of entertainment allowanceNil40,000Income from salaries7,22.70Population of a city not relevant, if the house is taken by the employer on rent.Illustration 4.49: On the basis of the following information, compute the taxable income of X under the head "Salarier the assessment year 2019-20:​