Advertisements
Advertisements
प्रश्न
Compute the income tax payable by following individual.
Mr. Khan is 65 years of age and his taxable income is Rs. 4,50,000.
उत्तर
Taxable income = Rs. 4,50,000
Income tax = 5% (Rs. 4,50,000 - Rs. 3,00,000)
= `5/100 xx 150,000`
= Rs. 7500
Education cess = 2% of income tax
= `2/100 xx 7500` = Rs. 150
Secondary and Higher Education cess = 1% of income tax
= `1/100 xx 7500` = 75
Total income tax = Income tax + Education cess + Secondary and higher education cess
= 7500 + 150 + 75 = Rs. 7725
APPEARS IN
संबंधित प्रश्न
Mr. Kartarsingh (age 48 years) works in a private company. His monthly income after deduction of allowances is Rs. 42,000 and every month he contributes Rs. 3000 to GPF. He has also bought Rs. 15,000 worth of NSC (National Savings Certificate) and donated Rs. 12,000 to the PM's Relief Fund. Compute his income tax.
Compute the income tax payable by following individual.
Mr. Kadam who is 35 years old and has a taxable income of Rs. 13,35,000.
Compute the income tax payable by following individual.
Miss Varsha (Age 26 years) has a taxable income of Rs. 2,30,000.
