Question

Naveen's income in the financial year 2013-2014 was 27,20,000. He deposited

120000 as premium on life insurance policy and 24000 every month in general provident fund. He also purchased a national savings certificate worth 30000. He donates ? 15,000 to an orphanage (which is 50% tax free). Calculate the tax payable by him at the end of the year.
1. educational cess= 2% of payable tax
2. Secondary And Higher Education tax =1% of payable tax
3. a maximum of 100000 of savings( under any scheme ) are eligible for tax rebate ​

Answer 1

Answer:

m not sure but as per my calculations answer is..

1.) 45,340rs.

2.)22,670rs.

3.) -