Mrs. Math is the branch manager of the bank. Her monthly salary is Rs 120000 and 10% of her salary is deducted for Provident Fund and Citizen Investment Fund. She pays Rs 24,520 as the premium of life insurance in a year. Calculate income tax paid by her in a year.
Up to Rs 600000:1% tax
Rs 600000 to Rs 800000 :10% tax
Rs 800000 to Rs 1100000 : 20% tax
Rs 1100000 to Rs 2000000: 30% tax Above Rs 2000000: 36% tax​