Questions

Activity Based Questions.

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4 questions · self-marked practice — reveal the answer and mark yourself.

Question 15 Marks
Mrs. Hinduja's age is 50 years. Last year her taxable income was Rs. 16,30,000. How much income tax has she to pay ?
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Question 25 Marks
Mr. Ahmed, a 62 year old senior citizen is employed in a private company. His total annual income is Rs.6,20,000. He has contributed Rs. 1,00,000 to the Public Provident Fund and paid a premium of Rs. 80,000 for the year for health insurance and a donation of Rs. 10,000 to CM's Relief Fund. What is tax payable ?
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Question 35 Marks
Mr. Mhatre is 50 years old. His gross total income is Rs. 12,00,000. He has invested in
the following amounts in different schemes.
(i) Insurance premium : ₹ 90,000
(ii) Investment in provident fund : ₹ 25,000
(iii) Investment in PPF : ₹ 15,000
(iv) National Savings Certificate : ₹ 20,000
Find out the permissible deductions, taxable income, and the income tax payable.
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Question 45 Marks

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Mr. Pandit is 75 years of age. Last year his annual income was 13,25,000 rupees. How much is his taxable income ? How much tax does he have to pay ?
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