1.

Dinakar's salary is Rs.30,000 per month. He contributes Rs.27,000 towards GPF and Rs.30,000 towards LIC. He donates Rs.8,000 to a charitable trust (50%), Rs.10,000 towards National Relief Fund (100% relief). Find the rebate amount on his savings.

Answer»

Rs.15,350
Rs.10,250
Rs.8550
Rs.20,000

Solution :(i) Refer the introduction for slab on rebate amount on SAVINGS.
(ii) As his salary falls between Rs.150,000 and Rs. 500,000, rate of rebate is `15%` of his savings.
(III) CALCULATE total savings and FIND `15%` of it.


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