Question

Mr Karven's age is 55 year Monthly income=Rs.1,10,000 NSC=Rs.45,000 GPF=Rs.5,000per month Insurance=Rs.2,000per month Motor premium=Rs.80,000per year CM relief fund=Rs.25,000per year PM relief fund=Rs.25,000per year. Find this taxable income and income tax.

Answer 1

the taxable income is 350000 and the income tax is 17500 the taxable income is 350000 and the income tax is 17500