Compute the income tax payable by following individuals.
(i) Mr. Kadam who is $35$ years old and has a taxable income of Rs. $13, 35, 000$
(ii) Mr.khan is $65$ years of age and his taxable income is Rs. $4, 50, 000$
(iii) Miss Varsha (Age 26 years )has a taxable income of Rs. $2, 30, 000$

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Solution

$i) I n c o m e t a x p a y a b l e = \frac{30}{100} \times 13, 35, 000 = 4, 00, 500 i i) I n c o m e t a x p a y a b l e = \frac{5}{100} \times 4, 50, 000 = 22, 500 i i) I n c o m e t a x p a y a b l e = \frac{0}{100} \times 2, 30, 000 = 0$

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