Welcome to Monday Corner, an initiative from Tax Publishers…
Monday Corner is specially designed to reward the intellectuals like you:
- We will send a Brainteaser on every Monday through email to your inbox and
- You need to send your answer in revert with reasoning by Wednesday at quiz.taxpub@gmail.com
The most suitable reply will be uploaded on our website (www.taxpublishers.in) in Monday Corner along with the photo/credentials of the winner of the week. If, per chance, winner happens to be more than one, the result will be drawn by lottery.
The winner would receive any one of the following books as free gift...
Quiz for the week (03 Mar 2025) :
Satish is Vice-president (Marketing) in ABC Co Ltd since 1st April,2022. He was paid basic salary of Rs. 2 lakhs per month and dearness allowance equal to 60% of salary in financial year 2022-23. For FY 2023-24 his salary was with increment of 20% (i.e.) Basic pay Rs. 2,40,000 p.m. plus DA@60 % thereon; and for FY 2024-25 with another increment of 20% (i.e) Basic pay Rs.2,88,000 p.m plus DA @60% thereon. He was provided rent-free unfurnished accommodation in Chennai from 1st April,2023. The population of Chennai as per 2011 census exceeded 40 lakhs. He occupies the same premises during the entire financial year 2024-25. Compute the perquisite value of rent-free accommodation for the assessment year 2025-26.
Kindly mail your answers on or before 10th March, 2025.