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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). Calculate taxable income. |
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Answer» Rs.198,000 (II) Find the standard deduction. (iii) Taxable income = Annual salary-(SD+GPF+LIC+NRP+ `50%` of donations) |
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