3. Mr Desai is 53 year old. He has total yearly income of 10,80,000. His investments are as follows: (i) Life Insurance : 75,000 (ii) Provident Fund : 30,000 (iii) PPF : 10,000 (iv) NSC : 15,000 From the above details find total deduction, his taxable income and total tax.
Answer will come as :
Deduction : RS 1,30,000
Taxable income : RS 9,50,000
Total tax : RS 1,05,575
Answers
Answered by
3
Total income=1080000
Deduction=75000+30000+10000+15000=130000
Taxable according to It law 2020=94640
Answered by
0
Answer:
Total income=1080000
Taxable according to It law 2020 = 94640
De * duction = 75000 + 30000 + 10000 + 15000 = 13 0000
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