Sunday, May 24, 2009

1. For a person (man) monthly salary is Rs. 8650 (exclusive of C.A.) and his deductions are as follows:
LIC – Rs.135 p.m., GPF – Rs. 500 p.m., Professional Tex – Rs. 2500 p.a., Infrastructure bonds – Rs. 5000.
Find his taxable amount, for the financial year 2006 – 07.
2. Mr. A.P. Deshmukh is serving in a company and earns Rs. 23,700 p.m. He deposited Rs. 2300 p.m. towards
provident fund. He bought NSC of Rs. 10,000 and donated Rs. 6000 to Chief Minister Relief Fund. Find income
tax he has to pay for the financial year 2006 – 07.
3. Smt. C. Archana has her gross annual income for the year 2006 – 07 of Rs. 1,48,000 and her savings are as
follows. LIC – Rs. 4800 p.a. PLI- Rs. 2750 p.a. Find the net income tax to be paid by Smt. C. Archana , for the
financial year 2006 – 07.

Sunday, May 24, 2009

1. Ganesh Rathod is working in an advertising company. His gross annual income is Rs. 2,00,000. His age is about
67 years. He pays Rs. 3000 to Prime Minister Relief Fund and buys NSC of Rs. 10,000. What will be the income
tax in the year 2006 – 07 he has to pay?
2. Vimalaben is below 65 years. Her monthly salary is Rs. 21,000 (exclusive of C.A., ) ; and deductions are as
follows: Profession tax Rs. 2500 p.a.; GPF Rs. 4000 p.m; PLI Rs. 295 p.m. Fixed deposits Rs. 20000. Find net tax
to be paid for the financial year 2006 – 07.
3. For a senior citizen monthly income is Rs. 18,440 and deductions are as follows: Fixed deposits of one month
salary. Find the tax to be paid and Education cess for the financial year 2006 – 07.

Sunday, May 24, 2009

1. For a person [woman below 65 years], monthly salary is Rs. 9160 (exclusive of C.A.). Deductions: Professional
tax Rs. 2500 p.a., NSC Rs. 6000; PLI – Rs. 295 p.m. Find the tax to be paid, for the financial year 2006 – 07.
2. For a person (man), monthly salary is Rs. 18,900 (exclusive of CA) and the deductions are as follows: Interest
on house loan Rs. 2000 p.m., profession tax Rs. 2500 p.a. , GPF Rs. 3000 p.m., LIC Rs. 10,000 p.a. and the
principal of house loan is Rs. 6500 p.m. Find the income tax to be paid for the financial year 2006 – 07.
3. John Albert is a junior engineer in Electricity Company. He earns Rs. 18,700 p.m. from salary. He donates Rs.
6000 in the funds of National Defense. He pays Rs. 4750 as a house loan per month. Also he deposited Rs.
1200 and Rs. 1500 toward GPF and PLI respectively per month. What amount he will have to pay as net tax in
the financial year 2006-07.