Question

Mr. Desai is 53 years old. He has total yearly income of Rs. 10,80,000. His investment are as follows:
(i) Life Insurance: Rs. 75,000
(ii) Provident Fund: Rs. 30,000
(iii)PPF: Rs. 10,000
(iv) NSC: Rs. 15,000
From the above details find total deduction , his taxable income and total tax​

Answer 1

Total: 18000

there is ur answer

it's wrong I think

Answer 2

Answer:

Total Income = 1080000

Deduction = 75000+30000+10000+15000 = 130000

Taxable Income = 0950000

Tax according to IT law 2020 = 94640

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