M/S.Royal Sundaram Alliance Insurance vs Poolraj on 29 September, 2023
As rightly pointed out by the learned counsel appearing for the
claimants, the Division Bench of this Court, in the Divisional Manager,
the Oriental Insurance Company Limited Vs. Ezhilarasi @ Maheswari
and others (C.M.A.No.2265 of 2016 dated 22.03.2017) and in R.Rajan
Vs. G.Rajkumar and another (C.M.A.No.1012 of 2017 dated
20.03.2017), have calculated the income tax by deducting the amount
exempted under Section 80C of the Income Tax Act and also given
statutory exemption for the first Rs.1,80,000/-. As already pointed out, as
per Ex.P.12, the gross income of the deceased Venkata Subramanian is
shown as Rs.4,01,749/- and the monthly income would come to
Rs.33,479/- (Rs.4,01,749 / 12).