Compute the income tax payable by following individuals.
1) Mr.kadam who is 35 years old and has a taxable income of Rs.13,35,000.
2) Mr.Khan is 65 years of age and his taxable income is Rs 4,50,000.
3) Miss Varsha (age 26years) has a taxable income of Rs 2,30,000
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Answer:
1.Mr.kadam will have to pay rs 219390 income tax.
2.Mr.khan will have to pay rs 7725 income tax.
3.Miss varsha Will not have to pay income tax.
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