Question

Ms. Shahnaz earns Rs. 35,000 per month (excluding HRA). She donates Rs. 30,000

to Prime Minister Relief Fund (100% exemption) and Rs. 40,000 to a Charitable

Hospital (50% exemption). She contributes Rs. 5,000 per month to Provident Fund

and Rs. 25,000 per annum towards LIC premium. She purchases NSC worth

Rs. 20,000. She pays Rs. 2,300 per month towards income tax for 11 month. Find the

amount of income tax she has to pay in 12th month of the year.

Use the following to calculate income tax :

(a) Saving : 100% exemption for

permissible savings upto

Rs. 1,00,000

(b) Rates of income tax for ladies

Slab Income tax

(i) Upto Rs. 1,35,000 No tax

(ii) From Rs. 1,35,001 to Rs. 1,50,000 10% of taxable income

exceeding Rs. 1,35,000

(iii) From Rs. 1,50,001 to Rs. 2,50,000 Rs. 1,500 + 20% of the amount

excedding Rs. 1,50,000

(iv) From Rs. 2,50,001 and above Rs. 21,500 + 30% of the amount

exceeding Rs. 2,50,000

(c) Education Cess : 2% of Income tax payable

Answer 1

I also want this one

Answer 2

Even i want it pls any one answer it no