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Mrs. Rane, a 61 year old nurse is employed in a private hospital. Her total annual incomeis 6,00,000. She has invested in the following schemes:(i) Premium of health insurance: 50,000 for a year.(ii) PPF: ₹75,000(iii) Provident Fund: ₹60,000(iv) Donation to PM's Flood Relief Fund: ₹10,000.Find out the income tax payable. |
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Answer» Step-by-step explanation: premium pf donations fund will be EXEMPTED
AFTERWARDS it remains 405000 first 250000 will be exempted 155000 5% 7750 will be her tax |
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