"Calculating annual income tax of Mr.

Pranav Si
2020-21. Pranav is a 42 years old Indian citizen
amounts to 7,59,989/- inr (exclusive of HRA ).
in EPF, 15,000/- in NSC and 10,599/- inr in LIC. H
fees of his two sons. He always preaches holy ri
also donated 11,000/- in Clear Ganga Fund. "
Gross income 759,989
Less Standard Deduction 50,000

Balance : 709,989

Deductions under section 80C : 21799

15000
10599
42599

Total : 89997

Balance : 619,992

Deductions under 80G : 11,000

Balance : 608,992

Taxable income : 608,992

Now according to the Income tax slab:

Percentages Amount Total Amount
Income tax : 0 250000 0
5 250000 12500
20 108992 21798.4
12500

Balance : 46798.4

Health and education cess 4% on 46789.4 1871.936

Total Income Tax : 48670.336

 me tax of Mr. Pranav Sinha for the financial year
years old Indian citizen whose annual income
nr (exclusive of HRA ). He deposited 21,799/- inr
and 10,599/- inr in LIC. He paid 42,599/- as tution
always preaches holy river 'Ganga' that's why he
Clear Ganga Fund. "