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AIM: By using the given table compute the income tax of a salaried person whose
statements of income and investments are give

By Hailey

AIM: By using the given table compute the income tax of a salaried person whose
statements of income and investments are given.
Example:
Mr. Ahmed, a 45 year old is employed in a private company. His total monthly income is
Rs. 60,000. He has contributed Rs.1,00,000 to public provident fund and paid a premium
of Rs. 80,000 for the year for life insurance and Rs.15,000 towards mediclaim policies.
A donation of Rs. 10,000 to CM’s Relief Fund. What is the tax payable?
Solution :
A) Calculating Taxable income
Monthly income
60,000​

About the author
Hailey

Numerical & Mental Ability
Q.86
+2.5. -0.0
The LCM of two numbers is 114 times their HCF. If the
sum of LC

By using suitable Identities find Expan

following
(i) (3x-4y+5z^2)

ii) (99913​

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