
What is the rate of tax for income tax slab between the income of to for Assessment year ?

Important Questions on Banking and Taxation
The income of a government employee in financial year was . She deposited as yearly premium on life insurance policy, every month in General Provident Fund and she also purchased a national savings certificate worth . If a maximum of Rs. one lakh can be invested in any type of saving to qualify for tax rebate, then calculate the payable tax.
The rates of tax are as follows:
Sl.No. | Tax Limits | Rate of Tax |
Up to | NIL | |
to | ||
to |
In addition, a education cess has to be paid over the income tax. Find your answer in

The income of a government employee in financial year was . He deposited as yearly premium on life insurance policy and every month in General Provident Fund. If a maximum of can be invested in any type of saving to qualify tax rebate, then calculate the payable income tax.
The rate of tax are as follows:
SL.No. | Tax limits | Rate of tax |
. | Up to | Nill |
. | to | |
. | to |
In addition, a education cess has to be paid over the income tax. Find your answer in

Educational cess at the rate of on given taxable amount will be:


What will be education cess at the rate of if taxable income is ?



Compute the income tax payable by following individual.
Mr. Kadam who is years old and has a taxable income of .


John sold books worth rupees for a publisher. For this he received commission. Complete the following activity to find the total commission John obtained.
Selling price of books _____ Rate of commission _____
Commission obtained Commission rupees

S.No. | Individual | Age | Taxable Income | Will have to pay income tax or not |
iii. | Miss. Mehta | 44 | Rs 5,82,000 |

S.No. | Individual | Age | Taxable Income | Will have to pay income tax or not |
v. | Mr. Desilva | 81 | Rs 4,50,000 |



Compute the income tax payable by following individual.
Miss Varsha (Age ) has a taxable income of .


S.No. | Individual | Age | Taxable Income | Will have to pay income tax or not |
iv. | Mr. Bajaj | 64 | Rs 8,40,000 |

Use the given information and fill in the blanks with suitable numbers.
Smt. Deepanjali purchased a house for from Smt. Leelaben through an agent. Agent has charged brokerage from both of them.
Smt. Deepanjali paid brokerage for purchasing the house. (Express answer using commas)

Observe the table given below. Check and decide, whether the individual has to pay income tax. Write Yes/No.
Individual | Age | Taxable Income | Will have to pay income tax or not |
Miss. Nikita | 27 |

Use the given information and fill in the blanks with suitable numbers. Smt. Deepanjali purchased a house for from Smt. Leelaben through an agent. Agent has charged brokerage from both of them.
The cost of house Smt. Deepanjali paid is _____. (Express answer using commas)

