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. Mr. A is a Marketing Manager in XYZ Ltd. From the following information, you are required to compute his income chargeable under the head Salary for assessment year 2021-22.

1. Basic salary is Rs. 70,000 per month.
2. Dearness allowance @ 40% of basic salary
3. He is provided health insurance scheme approved by IRDA for which Rs. 20,000 incurred by XYZ Ltd.
4. Received Rs. 10,000 as gift voucher on his marriage anniversary from XYZ Ltd.
5. XYZ Ltd. allotted 800 sweat equity shares in August 2020. The shares were allotted at Rs. 450 per share and the fair market value on the date of exercising the option by Mr. A was Rs. 700 per share.
6. He was provided with furniture during September 2016. The furniture is used at his residence for personal purpose. The actual cost of the furniture was Rs. 1,10,000. On 31^st March, 2021, the company offered the furniture to him at free of cost. No amount was recovered from him towards the furniture till date.
7. Received Rs. 10,000 towards entertainment allowance.
8. Housing Loan@ 4.5% p.a. provided by XYZ Ltd., amount outstanding as on 01.04.2020 is Rs. 15 Lakhs. Rs. 50,000 is paid by Mr. A every quarter towards principal starting from June 2020. The lending rate of SBI for similar loan as on 01.04.2020 was 8%.
9. Facility of laptop costing Rs. 50,000

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