Question

Mrs. Rane, a 61 year old nurse is employed in a private hospital. Her total annual income
is 6,00,000. She has invested in the following schemes:
(i) Premium of health insurance: 50,000 for a year.
(ii) PPF: ₹75,000
(iii) Provident Fund: ₹60,000
(iv) Donation to PM's Flood Relief Fund: ₹10,000.
Find out the income tax payable.​

Answer 1

Step-by-step explanation:

premium

pf

donations

fund will be exempted

afterwards it remains 405000

first 250000 will be exempted

155000 5% 7750 will be her tax