HARD
10th Chhattisgarh Board
IMPORTANT
Earn 100

Rajat opened a recurring deposit account in a branch of Central Bank of India and deposited 100 every month for 3 years. What rate of interest will yield an interest of 222 on maturity?

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Important Questions on Banking and Taxation

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10th Chhattisgarh Board
IMPORTANT
Kishan deposits 20,000 for 1 year as fixed deposit in Allahabad Bank at an interest rate of 16% per annum. If the interest is compounded every three months, how much money will Kishan get on maturity?
HARD
10th Chhattisgarh Board
IMPORTANT
Hemchand deposits 1,00,000 for 1 year and six months as fixed deposit in Rural Bank at an interest rate of 8% per annum. If the interest is compounded every three months, how much money will Hemchand get on maturity?
HARD
10th Chhattisgarh Board
IMPORTANT
If a person saves 2 lakhs for two years in a fixed deposit account at 4% interest rate per annum, what amount will he get on maturity if interest is compounded annually?
HARD
10th Chhattisgarh Board
IMPORTANT
Nilesh opens a fixed account for one year in Bank of India and deposits 50000 at 8% rate of interest. If interest is compounded quarterly then how much money will the bank pay to Nilesh after one year?
HARD
10th Chhattisgarh Board
IMPORTANT
Pushpa saved 60000 for one year six months in a fixed deposit account. How much money will she get on maturity if the rate of interest is 12% per annum and interest is compounded after every six months?
HARD
10th Chhattisgarh Board
IMPORTANT
Sriram deposited 20000 for two years in a fixed deposit account. If the annual rate of interest is 6% per annum and the interest is compounded every six months then what amount will Sriram get after due date?
HARD
10th Chhattisgarh Board
IMPORTANT

The income (excluding house rent allowance) of a government employee in the financial year 2013-2014 was  4,10,000. He deposited 20,000 as premium on life insurance policy and 4000 every month in general provident fund. He also purchased a national savings certificate worth 25,000. He donates 20,000 to the Prime Minister's Relief Fund (which is 100% tax free) and 12,000 to Old Person's Home (which gets him 50% tax rebate). Calculate the payable tax for him at the end of the year. A maximum of 1,00,000 of savings (under any scheme) are permitted. The rates of tax are as follows:

S.No. Tax Limits Rate of Tax
1. Up to 2,00,000 NIL
2. 2,00,001 -5,00,000 10%
3. 5,00,001-10,00,000 20%

1. Educational cess =2% of payable tax

2. Secondary and Higher education tax =1%of payable tax

HARD
10th Chhattisgarh Board
IMPORTANT

Naveen's income in the financial year 2013-2014 was 7,20,000. He deposited 20,000 as premium on life insurance policy and 4000 every month in general provident fund. He also purchased a national savings certificate worth 30,000. He donates 15,000 to an orphanage (which is 50% 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
1. Up to 2,00,000 NIL
2. 2,00,001 -5,00,000 10%
3. 5,00,001-10,00,000 20%
4. Over  10,00,001 30%

1. Educational cess =2% of payable tax

2. Secondary and Higher education tax =1%of payable tax

3. A maximum of1,00,000 of savings (under any scheme) are permitted.