Kiran( aged 50) is a salaried employee and earn Rs. 10 lakh per annum. She has contributed Rs.1,00,000 towards Sukanya samriddhi Account. She has taken a mediclaim policy of Rs. 25000 for her dependent parents. She has also contributed Rs. 50000 towards NPS.
Calculate her total tax liability under the new tax and old tax regime.
Calculate her total tax liability under the new tax and old tax regime.
Answers & Comments
Answer:
To calculate Kiran's total tax liability, I'll need more information such as any other deductions, exemptions, or allowances she might be eligible for. Additionally, the tax slabs and rules can vary, so it's crucial to know the specific financial year for accurate calculations.
Could you provide more details or specify the financial year for which you want the tax calculation?