Levying of Taxes or Taxation

_____ can be one of the approach used to tax online transactions.

___________ is often used to raise revenue for a country and/or to protect domestic products.

Consider the following statements and identify the right ones:
i. The $14$th finance commission is headed by C. Rangarajan.
ii. The recommendations of the commission will come into effect from April $1, 2015$.

Consider the following statements and identify the right ones:
i. Wealth tax is collected from productive as well as unproductive assets.
ii. Estate duty was a type of inheritance tax of large estates.

Which of the following is a union tax?

Which of the following bank got authorisation for collection of direct and indirect taxes by the Reserve Bank of India?
 

Mr. Harris is a retired Judge is $66$ years old. He gets pension of $₹21100$ per month and earns $₹450000$ annually from other source. He contributes $₹3000$ per month towards P.P.F. and invests $₹60000$ in National Saving certificate. He donates $₹20000$ to a charitable trust (eligible for $50\%$ deduction). Calculate the income tax he has to pay during the year. 

$1.$ Exemption on saving: Saving up to $₹100000$ in specified investments will be deducted from the income before tax is calculated.

$2.$ Exemption on Donation: Deduction on income is allowed on certain specified donations. 

$3.$ Rate of income tax:

$4.$ Education cess: $2\%$ on tax payable

The income statement of Ram is given below:

 L.I.C polices worth $₹35000$ is deposited per annum and national saving certificate for $₹5000$.

$1.$ Exemption on saving: Saving up to $₹100000$ in specified investments will be deducted from the income before tax is calculated.

$2.$ Exemption on Donation: Deduction on income is allowed on certain specified donations. 

$3.$ Rate of income tax:

Calculate the net tax payable.

One of the example for indirect taxes is value added tax.

For different types of investments, the maximum permissible amount under section $80C$ of income tax is $₹1,50,000$.

A person has earned his income during the financial year$2018-19$. Then his assessment year is 

The professional tax paid by the person is

Mr Deshmukh whose age is $90$ years and his annual income is $₹3,00,000$. Calculate the income tax he needs to pay.

Mr Mehta is $88$ years of age is employed in a private company.His annual income was $9,50,000$ rupees. If he does not have any savings, then how much tax in $₹$ does he has to pay?

Mr.Ravi is $85$ years of age. Last year her annual income was $11,50,000$ rupees. How much tax does she has to pay?

Mr Ahmed is $82$ years of age is employed in a private company.His annual income was $8,00,000$ rupees. He has contributed $1,20,000$ to the Public Provident Fund and paid a premium of $₹85,000$ for the year for Life Insurance Coorporation. How much tax in $₹$ does he has to pay?

Mr Bhargav is $81$ years of age. Last year his annual income was $12,00,000$ rupees. He had invested the following amounts in different schemes:

(i) Insurance Premium: $₹90,000$ (ii) Provident Fund: $₹25,000$ (iii) Public Provident Fund: $₹15,000$ 

How much tax does he has to pay?

Mr Bharath is $50$ years of age is employed in a private company.His annual income was $4,50,000$ rupees. If he does not have any savings, then how much tax in $₹$ does he has to pay?

Mrs Hinduja is $40$ years of age is employed in a private company.Her annual income was $8,00,000$ rupees. She has contributed $₹1,00,000$ to the Public Provident Fund and paid a premium of $₹80,000$ for the year for health insurance. How much tax in $₹$ does she has to pay?

Miss Shivya is $30$ years of age. Last year her annual income was $11,00,000$ rupees. How much tax does she has to pay?