Q. 24.4( 49 Votes )

# <span lang="EN-US

Answer :

According to 1st table, His monthly income = Rs 42,000

Annual Salary = 12 × Rs 42,000

= Rs. 5,04,000

Now, following table shows his investments: Taxable salary = Rs. 5,04,000 – (Rs. 63,000)

= Rs. 4,41,000

It comes into table 1 and income tax slab 2.

5%(taxable minus 2.5lacs) =  = Rs.9550

Income tax = Rs.9550

Primary cess = 2% of I.T.

= = Rs.191

Secondary cess = 1% of I.T. = Rs.95.5

Total income tax = Rs.9550 + Rs.191 + Rs.95.5

= Rs.9836.5

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