 Hello and welcome to the session. Let us discuss the following question. It says, Mrs. Ruchi's salary is Rs. 32,250 per month exclusive of HRA. She donates Rs. 12,000 to Prime Minister's relief fund, 100% exemption. She donates Rs. 6,000 to a school and gets a relief of 50% on this donation. She contributes Rs. 5,000 per month towards her provident fund. She pays quarterly premium of Rs. 2,500 towards her LIC policy and invests Rs. 25,000 in MSC. If Rs. 2,700 is the tax deducted each month from her salary for 11 months, find the tax deducted from her salary in the last month of the year. Let us now move on to the solution. Now the first step towards the solution is to write the gross annual income of the sensing. So the annual income, Ruchi, is equal to Rs. 32,250 into 12 because 32,250 is the monthly income of Ruchi. So to get the annual income, we are multiplying it with 12 to get the annual income and this is equal to, so annual income is Rs. 3,087,000. Now the second step is to find the donations made by Ruchi, so repeat on donations. Now we are given that she donates Rs. 12,000 to the Prime Minister Relief Fund and gets 100% exemption to 12,000. She gets 100% exemption, so this is equal to Rs. 12,000 and we are also given that she donates Rs. 6,000 to a school and gets a relief of 50% on this donation, so this is equal to Rs. 3,000 and here we have 6,000. So the total rebate on donation is Rs. 12,000 plus 3,000 that is Rs. 15,000. Now the next step is to find the savings made by Ruchi. We are given that she pays Rs. 5,000 per month towards Provident Fund, so BF is Rs. 5,000 into 12 that is Rs. 60,000 and we are also given that she pays the life insurance premium of Rs. 2,500 quarterly, so this is equal to Rs. 10,000 annually and she pays Rs. 25,000 for NSC, so the total savings is Rs. 60,000 plus 10,000 and Rs. 20,000, 70,000 plus Rs. 35,000 is Rs. 95,000. Now the fourth step is to find the taxable income by subtracting the amount obtained in step 2 and 3 from the amount obtained in step 1. So the taxable income is given by Rs. 3,087,000 minus 15,000 plus 95,000 is the computation of income tax, before that we need to obtain the taxable income which is Rs. 3,087,000 minus 1,00,000 is equal to Rs. 2,077,000. Now we will calculate the income tax using this law. Now here the taxable income of Ruchi is Rs. 277,000 and if the taxable income is above Rs. 25,000 then the rate of tax is given by Rs. 21,500 plus 30% of the amount by which the taxable income exceeds Rs. 25,000. Now this is given by Rs. 21,500 plus 30% of the amount by which taxable income exceeds Rs. 250,000. This is given by Rs. 21,000 plus 30% of the amount by which taxable income exceeds Rs. 25,000. Now the taxable income is Rs. 277,000 and we have to subtract Rs. 25,000 from Rs. 277,000 to get the amount which exceeds Rs. which exceeds the taxable income by Rs. 250,000. This is equal to Rs. 21,500 plus 30% by 100 into Rs. 27,000. This is equal to Rs. 21,500 plus 30 into Rs. 270 is Rs. 8,100 and this is equal to Rs. 29,600. So this is the computation of income tax. Now the next step is to find the education says and education says is 2% of the amount of taxable. So the education says equal to 2% of the taxable. This is equal to Rs. 592. Now we find the net taxable and the payable income tax which we obtained by adding the education says to the income tax is Rs. 29,600 plus 592. This is equal to Rs. 30,192. Now we are given that Rs. 27,00 is deducted as tax each month from our salary for 11 months. So the deducted at source is given by 27,00 into 11 and this is equal to Rs. 29,700. Now the income tax payable is Rs. 30,192 and tax deducted at source is Rs. 29,700. That is already paid for 11 months is Rs. 29,700. So the net payable income tax is given by Rs. 30,192 minus 29,700 and that is equal to Rs. 492. So the answer is Rs. 492. So this completes the question and the session. By for now take care, have a good day.