A lady has annual income Rs.287353.in the F.Y 2005-06 What is her income tax.?



Her other savings are-
GPF=Rs.29,687 p.a
PPF=Rs 30,000 p.a
LIC=Rs.12,340 p.a
Tution fee of Rs.28500 p.a
What is the tax she had to pay during the finincial year 2005-06.

A lady has annual income Rs.287353.in the F.Y 2005-06 What is her income tax.?
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2 Replies to “A lady has annual income Rs.287353.in the F.Y 2005-06 What is her income tax.?”

  1. Tax for Lady for FY:2005-06

    287,353 Income
    100,000 Less deductions (Actual 100527 limited to 1 lakh)
    ————
    187,353 Net income
    ======

    8,971 Tax on Rs.1,87,353 income
    0,179 Add: Education cess on Tax 8971 @2%
    ——–
    9,150 Net tax payable by a Lady for FY:05-06 on income Rs.287353
    =====
    =====


  2. income 287353
    less u/s 80C 100000
    Net Income 187353
    Rounded off 187350
    Tax up to 150000= 1500
    Tax on 37350 @ 20% 7470
    E Tax 2% 179
    Total Tax liability 9149





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