Question

He deposits Rs. 60,000 in public provident fund and pays Rs. 30,000 as tuition fees of his

younger sister studying in a school in Delhi. He also contributes Rs. 20,000 towards

ICICI's Retirement Benefit Fund. He donated Rs. 15,000 (Rs. 5000 in cash and rest via

online net-banking transfer) towards PM Cares Fund. He donated Rs. 2000 in cash to one

of local NGOs, (not registered under section 12AA). He contributes 15% of his salary

towards notified pension fund of central government. His employer also contributes the

equal amount to his pension fund. 12 years old daughter of Mr. Ishank earned Rs. 30,000

(eligible u/s 64(1A)). Wife of Mr. Ishank is a housewife and she earned Rs. 2,00,000 by

some handcraft work. Compute total taxable income of Mr. Ishank for the assessment year

2019-20.​

Answer 1

Answer:

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