Model: Computation of managerial remuneration From the particulars given below, determine the maximum remuneration available to a full-time director of a manufacturing company:
The P&L A/c showed a net profit of Rs.65,00,000 after taking into account the following terms:
|
(i) Depreciation (Including Special Depreciation of 60,000) |
: 1,50,000 |
|
(ii) Provision for Income Tax |
: 2,25,000 |
|
(iii) Donation to Political Parties |
: 25,000 |
|
(iv) Ex-gratia Payment to a Worker |
: 25,000 |
|
(v) Capital Profit on Sale of Assets |
: 30,000 |