 Hello and welcome to the session, let's work out the following problem. It says the annual income of Kapil excluding HRA is Rs 1,80,000. He contributes Rs 4,500 per month in provident fund and pays Rs 8,000 annually towards LIC premium. Find the income tax including surcharge to be paid by Kapil in the last month of the year if he paid Rs 1,000 per month as income tax for the first 11 month. So this is the slab for the rate of income tax. Let's now move on to the solution. Now the first step is to write the gross income of the ASSEC gross income of Kapil is Rs 1,80,000. Now the second step is to find all the savings. Now we are given that he contributes Rs 4,500 per month in provident fund that is PF is Rs 4,500 into 12 that is Rs 54,000 and we are given that he pays Rs 8,000 annually for LIC. So the total savings is Rs 62,000. Now the third step is to find taxable income by subtracting all the savings from the gross income. So taxable income is equal to Rs 1,80,000 minus 62,000 and that is equal to Rs 1,18,000. So this is taxable income. Now we will see the slab, rate of income tax. Now his income is, taxable income is Rs 1,18,000 which comes under this category where the taxable income exceeds Rs 1,00,000 but does not exceed Rs 1,50,000 and in that case rate of tax is given by 10% of the amount by which taxable income exceeds Rs 1,00,000. Now income tax payable is equal to 10% of the amount by which taxable income exceeds Rs 1,00,000. So it is 10 by 100 into taxable income that is 1,18,000 minus 1,00,000 that is the amount by which taxable income exceeds Rs 1,00,000. So this is 10 by 100 into 18,000. So this is equal to Rs 1,18,000. So this is income tax payable. Now surcharge is 10% of the amount of tax payable if income tax exceeds Rs 10,00,000. Now his income is Rs 1,80,000 which does not exceed Rs 10,00,000. So there is no surcharge. Now the education says is 2% of amount of tax payable. So we now find the education says which is 2% of income tax payable. So this is 2 by 100 into 1800. So the education says is Rs 36. Now we find the net payable income tax is equal to the income tax payable which is Rs 1800 plus the education says which is Rs 36. So this is equal to Rs 1836. Now we find the income tax already paid. Now we are given that he pays Rs 1,000 every month as income tax for 11 months. So it is income tax already paid is Rs 1000 into 11. He has paid income tax for 11 months. So it is Rs 11,000. Now the net income tax payable is Rs 1836 and the income tax already paid is Rs 11,000. Therefore the tax deducted at sources is equal to Rs 11,000 minus 1836 and this is equal to Rs 9,164. That means couple does not need to pay income tax. In fact he will be paid Rs 9,164. So the answer is Rs 9,164. So this completes the question and the session. Bye for now. Take care. Have a good day.