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Mr. Anand, Benand and Cenand has given the following information relating to their income for the year 30th June 2022.
Mr. Anand Gross Income: 80 000 Total exempt income: 15 000 Allowable deductions: 23 000
Mr. Benand Gross Income: 120 000 Total exempt income: 25 000 allowable deductions: 30 000
Mr. Cenand Gross Income: 210 000 Total exempt income: 40 000 AAllowable deductions: 36 000
You are requested:
(a). To calculate the Taxable income for the above 3 persons. (12 marks)
(b). Find the amount of tax payable for the above 3 persons, assuming that all of them are resident individual taxpayers
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