My income & Expd. the following:

Bank Intt. on FD – 75000

MIS on P O – -110000

Mediclaim ——- 2500

LIC —————3000


Admin’s Response:

75000+110000-2500-3000 =179500-160000= 19500
Tax @ 10% would be Rs. 1950 + 3% surcharge for the A.Y 2011-12
No tax for A.Y 2012-13 since it would be below the limits.