An individual received a salary of Rs. 2,88,000 and bonus of Rs. 32,000. He contributed 15% of the salary to RPF to which his employer contributed 14 percent. He is provided with a rent-free house in Mumbai. The interest credited to his RPF is Rs. 2,000 @ 10% per annum. His income from salary for the A.Y. 2015-16 will be

1
Rs. 3,68,000
2
Rs. 3,63,200
3
Rs. 3,73,860
4
Rs. 3,73,760

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