I don't agree with this calculation of earnings in first year. Rs. 33000/- tax becomes payable over a period of one year in proportion to his earnings. The saving here is assumed based on TDS that a person does not pay. The TDS does not get deducted on day 1 of the Financial Year and hence it is wrong to assume that just by investing Rs. 67000/- the person gets Rs. 108000/- at the end of year 1.
