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Ramesh's total annual income in the financial year 2008-2009 was 23,00,000. He deposited 1000 every month in general provident fundland paid an annual premium o 12.000 on life insurance policy. If there is no tax on income up to 1,50,000 and 10 tax on income above 1,50,000 and maximum savings permissible under all schemes are 1,00,000 then calculate the tax payable by him at the end of the year where the educational sub-tax is 3% of income tax.
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