Question

this Anjali Subah is a medical doctor in a government hospital. her monthly salary is rupees 36900 and she receives one month salary as festival bonus 10% of her salary is deducted as citizen investment trust. how much income tax does she pay in a year ​

Answer 1

Answer:

please mark me brainlist please

Step-by-step explanation:

Solution

verified

Verified by Toppr

Total annual income = 12×Rs50000

= Rs600000

Amount on which tax would be rebated on investments/donations = 100% of Prime Minister's Relief Fund + 50% of Hospital Donation

=100% of Rs 60000+50% of Rs 20000

=Rs70000

Total Savings = Amount in G.P.F + Amount in L.I.C + Amount in N.S.C

=12×7000+15000+35000

=Rs134000

100% Rebate on savings up to Rs100000. That implies Rs34000 would be taxable

Therefore amount of salary after deduction of rebated amount = Total Salary − Rebate on investment/Donations − Rebate on Savings

=600000−70000−100000

=Rs430000

Income tax =0%×Rs200000 + 10%×(Rs430000−Rs200000)

=Rs23000

Education Cess =3% of Income Tax

=3% of RS 23000

=Rs690

TotalTax =Rs23000+Rs690

=Rs23690