Question

Mr.khatiwada. is a unmarried secondary level mathematics teacher in a community school.His monthly salary is Rs 39990with Rs 2000 allowance and gets one months basic salary as festival expense.if 10%and next 13%of his basic salary is deposited in his provident fund and civil investment trust respectively,how much income tax should he pay in this year.​

Answer 1

The income tax that will be paid for the year will be RS 4199.

How to calculate the tax?

The total income that the ma gets will be:

= 39990 + 2000

= 41990

The tax rate is given as 10%. Therefore, the income tax that will be paid this year will be:

= 10% × 41990

= 4199

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