Question

Ramesh's total income in the financial year 2008-2009 was rupees 300000. He deposited rupees 1000 every month in general provident fund and paid an annual premium of rupees 12000 on Life insurance policy.If there is no tax on income upto rupees 150000 and 10% tax on income above rupees 150000 and maximum saving permissible under all schemes are rupees 100000 then calculate the tax payable by him at the end of the year where the educational sub-tax is 3% of income tax​

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