Illustration $-15$

Ms$.$ Sunitha submits the following particulars: $($Ignore Alternative Tax Regime under Section $115$BAC $)$

Incomes:

a$)$ Computed Salary Income $2,00,000.$

b$)$ Computed Income from property let$-$out $65,000.$

c$)$ Agricultural Income from Bangladesh $1,00,000.$

d$)$ Share of Income from HUF $1,70,000.$

e$)$ Computed Income from STCG $75,000.$

Expenses:

a$)$ Life Insurance premium paid $28,000($Sum assured $25,00,000)$

b$)$ Medical Insurance premium paid $18,000.$

c$)$ Loan repayment towards home loan Installment $20,000.$

d$)$ Contribution of $20,000$ to the Swachh Bharat Kosh set up by the central Government.