Answers

2015-08-23T18:08:38+05:30

This Is a Certified Answer

×
Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.
1. Calculate your total income for a period say 1.4.11 to 31.3.2012. 
2. Depending on your sex and age, deduct the first 1,80,000 (Male) 1,90,000 (female) or 2,40,000 (Senior citizen male or female). 
3. You can deduct another Rs. 1,00,000 if you have saved this much sum in Provident Funds, Life Insurance Premia or National Savings Certificates. 
4. You can deduct another Rs. 20,000 if you have invested them in Infra Bonds. 
5. On the balance pay taxes @ 10%, 20% or 30% depending on your total income. 

Hope this helps:)
1 5 1