computation of tax

Simranjeet Singh (Proprietor at S Simranjeet & Associates Company Secretaries)   (4396 Points)

03 February 2010  

hii everyone solve this out.

rameshwar a resident aged 66 yrs submits following information for previous yr 2009-10

1. income from salary                                         rs. 3,36,000

2. interest on fixed deposits with bank             rs. 34,000

3. long term capital gains                                  rs. 150,000

4. short term capital gains on the sale of equity shares on which securities transaction tax has been paid    rs. 15,000

 

he pays rs. 50,000 as life insurance premium on a policy of rs. 40,000 and deposits rs. 22,000 in public provident fund account.

 

compute the tax payable by rameshwar for the AY 2010-11.