1.

Saritha's annual salary is Rs. 160,000. She contributes Rs. 6000 towards GPF and pays an LIC annual premium of Rs. 5000. Calculate the income tax she will have to pay in the year.

Answer»

Rs.16,117.50
Rs.15,117.50
Rs.17,117.50
Rs.16,017.50

Solution :Find the taxable INCOME after deducting the eligible DEDUCTIONS and based on slab, calculate the amount of TAX.


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