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
Rate this question :
How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
view all courses
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
RELATED QUESTIONS :
<span lang="EN-US
MHB - Math Part-I<span lang="EN-US
MHB - Math Part-I<span lang="EN-US
MHB - Math Part-I<span lang="EN-US
MHB - Math Part-I<span lang="EN-US
MHB - Math Part-I<span lang="EN-US
MHB - Math Part-I<span lang="EN-US
MHB - Math Part-I