
Rajat opened a recurring deposit account in a branch of Central Bank of India and deposited every month for years. What rate of interest will yield an interest of on maturity?


Important Questions on Banking and Taxation






The income (excluding house rent allowance) of a government employee in the financial year was . He deposited as premium on life insurance policy and every month in general provident fund. He also purchased a national savings certificate worth . He donates to the Prime Minister's Relief Fund (which is tax free) and to Old Person's Home (which gets him tax rebate). Calculate the payable tax for him at the end of the year. A maximum of of savings (under any scheme) are permitted. The rates of tax are as follows:
S.No. | Tax Limits | Rate of Tax |
Up to | NIL | |
Educational cess of payable tax
Secondary and Higher education tax of payable tax

Naveen's income in the financial year was. He deposited as premium on life insurance policy and every month in general provident fund. He also purchased a national savings certificate worth . He donates to an orphanage (which is tax rebate). Calculate the tax payable by him at the end of the year.
The rates of tax are as follows:
S.No. | Tax Limits | Rate of Tax |
Up to | NIL | |
Over |
Educational cess of payable tax
Secondary and Higher education tax of payable tax
A maximum of of savings (under any scheme) are permitted.
