Question

Mrs. hinduja's age is 50 year. last year her taxable income was ₹. 1630000.how much income tax has she to pay ?

Answer 1

Dear Student,

◆ Answer -

Total tax = Rs 226500

● Explanation -

Mrs Hinduja's age is 50 years. So she will not get tax discounts for senior citizen.

Total tax payable for Mrs Hinduja is -

Total tax = 5% tax for 2.5 to 5 lakh + 10% tax for 5 to 7.5 lakh + 15% tax for 7.5 to 10 lakh + 20% tax for 10 to 12.5 lakh + 25% tax for 12.5 to 15 lakh + 30% tax for 15 to 16.3 lakh

Total tax = 5/100 × 250000 + 10/100 × 250000 + 15/100 × 250000 + 20/100 × 250000 + 25/100 × 250000 + 30/100 × 130000

Total tax = Rs 226500

Thanks dear. Hope this helps..

Answer 2

Answer:

TOTAL TAX = 2,26500

Step-by-step explanation:

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