Question

3. Mrs. Radhika 56 years old. Her total annual income is Rs. 12, 25, 000. She has invested in
the following amount in different schemes. i) Insurance Premium: 85,000
i) Investment in provident fund: 20.000 iii) Investment in PPF: 10,000 and
iv) National Savings Certificate: 10,000
Find out the permissible deductions, taxable income and the income tax payable​

Answer 1

Answer:

total investment=85000+20000+10000+10000

=125000

1225000-125000=2500

=tax payable and money left=2500