# Computation of Income Tax

## Trending Questions

**Q.**Mr. Trivedi invested ₹4, 00, 000 in an industry. After 2 years he received ₹5, 20, 000 from the industry. Putting aside the original investment, he invested the gains in mutual funds and in shares in the ratio 3:2. How much amount did he invest in each of the schemes?

**Q.**The sum of Education cess & Secondary education cess that Dev pays if he pays ₹4200 as Income tax is

- ₹136
- ₹126
- ₹142
- ₹112

**Q.**Mr. Jeevani is 43 years old. His gross total income is ₹10, 00, 000. He has invested the following amounts in different schemes :

(i) Insurance premium = ₹80000

(ii) Investment in PF = ₹45000

(iii) Investment in PPF = ₹4000

(iv) National Saving Certificate = ₹11000

Find out the income tax payable.

- ₹1, 44, 250
- ₹1, 84, 500
- ₹82, 500
- ₹1, 74, 800

**Q.**Mr. Singh is 32 years old and earns ₹13, 50, 000 per annum. How much Income tax(along with Education cess and Secondary education cess) he has to pay according to the taxation table?

- ₹2, 20, 045
- ₹2, 22, 075
- ₹2, 24, 025
- ₹2, 23, 050

**Q.**Mr. Jeevani is 43 years old. His gross total income is ₹10, 00, 000. He has invested the following amounts in different schemes :

(i) Insurance premium = ₹80000

(ii) Investment in PF = ₹45000

(iii) Investment in PPF = ₹14000

(iv) National Saving Certificate = ₹21000

Find out the taxable income.

- ₹8, 40, 000
- ₹10, 00, 000
- ₹8, 50, 000
- ₹6, 00, 000

**Q.**Total income of Ramyani, Mac and Ankit is ₹12, 24, 000. The % of their expenses are 80%, 85% and 90% respectively. If the ratio of their savings is 3:7:8 which is same as the ratio of their respective incomes, then find the Annual Saving of Mac and Ankit combined.

- ₹1, 32, 600
- ₹1, 25, 800
- ₹1, 15, 260
- ₹1, 20, 844

**Q.**If the Education cess is ₹500, and there is no rebatable component of Income tax declared, find the annual income if the person is 35 years old?

- ₹5, 04, 750
- ₹5, 92, 200
- ₹6, 52, 500
- ₹5, 62, 500

**Q.**If Mr. Sam is 63 years old and draws a salary of ₹82000 per month, what is the income tax that he pays according to his tax slab?

- 106800

**Q.**If Krish earns ₹24, 80, 000 per annum, and his age is 32 years, how much income tax(Including Education cess and Secondary education secc) does he pay?

- ₹3, 60, 240
- ₹2, 50, 000
- ₹3, 90, 000
- ₹3, 80, 070

**Q.**The sum of the incomes of Ramyani, Mac, and Ankit is ₹12, 24, 000. The percentage of their expenses are 80%, 85%, and 90%, respectively.

If the ratio of their savings is 3:7:8 which is same as the ratio of their respective incomes, then find the annual saving of Mac and Ankit combined.

**Q.**Mr. Mathur is 82 years old and earns ₹15, 00, 000 per annum. What is the Education cess that he pays on his Income tax?

- ₹5000
- ₹6000
- ₹4500
- ₹5550

**Q.**Mr. Madan is 86 years old and earns ₹15, 00, 000 per annum. What is the Secondary Education cess that he pays on his Income tax?

- ₹5000
- ₹500
- ₹2500
- ₹250

**Q.**Mr. Vikram is 27 years old and earns ₹7, 50, 000 per annum. The Education cess that he pays on his Income tax is

- ₹1250
- ₹1450
- ₹625
- ₹750

**Q.**If the Secondary Education cess is ₹500, and there is no rebatable component of Income tax declared, find the annual income if the person is 65 years old?

- ₹8, 40, 000
- ₹7, 00, 000
- ₹6, 50, 000
- ₹7, 84, 000

**Q.**Mr. Agarwal is 66 years old and earns ₹13, 50, 000 per annum. How much Income tax(along with Education cess and Secondary education cess) he has to pay according to the taxation table?

- ₹2, 24, 025
- ₹2, 11, 150
- ₹2, 21, 540
- ₹2, 15, 270

**Q.**Mr. Lalit is 42 years old and pays ₹5400 as education cess per annum. What is the Income tax that he pays?

- ₹290000
- ₹270000
- ₹540000
- ₹280000

**Q.**Devankar is 30 years old and pays an income tax of ₹8400 as Income tax every year. What is the total of Education cess and Secondary education cess that he pays in the entire year?

- ₹278
- ₹252
- ₹236
- ₹240

**Q.**

What will be the income tax that a senior citizen of age 88 has to pay if he earns ₹4, 90, 000 per annum?

₹6000

₹0

₹4900

₹2950

**Q.**If the Education cess is ₹500, and there is no rebatable component of Income tax declared, find the annual income if the person is 68 years old?

- ₹6, 50, 000
- ₹7, 00, 000
- ₹4, 84, 000
- ₹5, 75, 000

**Q.**Mr. Vicky is 74 years old and earns ₹8, 50, 000 per annum. How much Income tax(along with Education cess and Secondary education cess) he has to pay according to the taxation table?

- ₹61, 800
- ₹76, 320
- ₹82, 400
- ₹94, 200

**Q.**Mr. Jahangir Khan is 53 years old and pays ₹4800 as education cess per annum. What is the Income tax that he pays?

- ₹3, 00, 000
- ₹4, 80, 000
- ₹5, 40, 000
- ₹2, 70, 000

**Q.**If the Secondary Education cess is ₹500, and there is no rebatable component of Income tax declared, find the annual income if the person is 65 years old?

**Q.**Which of these is not an income tax slab for citizens belows 60 years of age?

- ₹10, 00, 000 and above
- ₹2, 50, 001 - ₹5, 00, 000
- ₹1, 00, 000 - 2, 50, 000
- ₹5, 00, 001 - 10, 00, 000

**Q.**If Raman earns ₹251000 per annum, and his age is 22 years, how much income tax(Including Education cess and Secondary education secc) does he pay? [3 Marks]