Question

Age49 years yearly Income - 1490112
contrilented to PPF 10,000 to PF 20100,
health Insurance premium 10,000 C, mis
Relief fund 104000 to GPF1160 000 Donation to
Institutes 20,000 find his income tax ?​

Answer 1

Answer:

Savings are our financial cushion for tomorrow and it is a practice almost everyone follows. Sure, it is harder for some people to manage savings than others. You could want to use your savings to pay for your dream house, your dream car, or to fund the higher education of your child. Your savings play a crucial role in the growing needs of you and your family. Many people start contributing to their retirement fund from the first pay check onwards. We sacrifice on spending today so that a portion of our salary goes into savings to make our future even better. But, ‘Tax’, is a component which takes away a prominent amount of your savings.