Question

In an financial year 2019-20, Vishal’s gross salary was 69000 per month. He deposited 8000 in NSC, Rs 40000 in PPF and paid 30000 as the tuition fee on his daughter. Calculate the income tax paid by him at the end of financial year​

Answer 1

Answer:

Public Provident Fund (PPF), introduced in India in 1968 with the objective to mobilize small savings in the form of an investment, coupled wit