70. Mrs, Rageshri Bahar (48 years) is a deputy manager in a Mumbai based company. She gets Rs. 54,000 per month as salary. Besides, she gets child education allowance of Rs. 450 per month (for daughter) and Rs. 80 per month (for son). Cost of education is approximately Rs. \( 1,80,000 \) for the two children (out of which Rs. 1,10,000 is tuition fees paid by Mrs. Rageshri). She also gets hostel expenditure allowance for her daughter at the rate of Rs. 300 per month (but the daughter is a post graduate student in Mumbai College and does not stay in any hostel).
The employer-company provides \( 1800 \mathrm{cc} \) car for official and private purpose and, incurs the entire expenditure on running and maintenance of the car. Personal use of the car as per \( \log \), book is approximately 65 per cent. With effect from November 1, 2023 she gets driver (to whom the company pays Rs. 6,000 per month).
The employer has provided an unfurnished flat at Andheri (East). It is owned by the company (however, company pays Rs. 900 per month as maintenance charges to the society). The company maintains unrecognized provident fund and contributes 18 per cent of salary towards it for each employee. Mrs. Rageshri, however, contributes Rs. 8,000 per month. Her income from other sources is Rs. 3,58,000. Find out the net income and tax liability of Mrs. Rageshri for the assessment year 2024-25 under default tax regime and optional tax regime.
