 Hello and welcome to the session. Let us discuss the following question. It says, Raj Malhotra has monthly salary of Rs. 25,500. Exclusive of HRA, he donates Rs. 20,000 to Prime Minister's Relief Fund, earning relief of 100%. Deposits Rs. 5,000 in his GPF per month and pays an annual premium of Rs. 17,000 for his LIC policy. If he deposits Rs. 1500 each month as income tax for the first 11 months of the year, find his income tax liability for the last month of the financial year. Assume the following for calculating the income tax. So this is the income tax slide which we have to follow. Let us now move on to the solution. The first step is to find the annual income. So the annual income of the assessor is monthly salary is Rs. 25,500. So the annual income would be Rs. 5,512. So the annual income is Rs. 3,006,000. Now the second step is to find the donations made by him. So deduction on donation, PM's relief fund and the others Rs. 20,000 given to us. And then the next step is to find the savings made by him. So deduction on savings. We are given that he pays Rs. 5,000 per month in his GPF. So it is Rs. 5,000 into 12 for GPF. That is Rs. 60,000 for GPF. And he pays annual premium of Rs. 17,000 in his LIC policy. The total savings are Rs. 77,000. Now we have to find the taxable income by subtracting the total savings and the donations made by him from his annual income. So the taxable income is Rs. 3,006,000 minus 77,000 minus 20,000 and that is Rs. 2,009,000. Now the next step is to find the total income tax. We see that the taxable income is Rs. 2,009,000. So income tax rates will be this. That is Rs. 5,000 plus 20% of the amount by which taxable income exceeds Rs. 1,50,000. So total income tax is Rs. 5,000 plus 20% of the amount by which taxable income exceeds Rs. 1,50,000. So it would be 2,009,000 minus 1,50,000. This is the amount by which taxable income exceeds Rs. 1,50,000. This is 5,000 plus 20 by 100 into this is 59,000 and this is 5,000 plus 11,800 and that is equal to Rs. 16,800. So the total income tax is Rs. 16,800. Then we have to find the education says which is 2% of the taxable, this is 2% of the taxable which is equal to Rs. 336. So the net taxable is equal to Rs. 16,800 plus 336 and this is equal to Rs. 17,136. Now we are given that he deposits Rs. 1,500 each month as income tax for first 11 months. And we have to find his tax liability for the last month. So the tax already paid by him during 11 months is Rs. 1500 into 11 and that is equal to Rs. 16,500. Therefore the income tax liability in the last month is equal to Rs. 17,136 minus 16,500 and that is equal to Rs. 636. So his income tax liability for the last month is Rs. 636. So this completes the question and the session by for now take care all the way.