...continued from prev post (writing mail for male is regretted)
Example-2: Net Female child reward to be paid to B = Female child reward - Mail child tax = 15000 – 7500 = Rs 7500/- for that year.
Example-3: C’s gross annual income is Rs 5 lakh. He has only two sons and no daughter. Mail child tax due to 2 sons = 2 x 5 % of 5 lakhs = Rs 50000/-. Female child reward due to 2 daughters = zero (due to not having any daughter) Here Mail child tax is greater than Female child reward, hence Net Male child tax payable by C = Mail child tax - Female child reward = 50000 – 0 = Rs 50,000/- for that year.
Example-4: D’s gross annual income is Rs 3 lakh. He has only 2 sons and 1 daughter. Mail child tax due to 2 sons = 2 x 5 % of 3 lakhs = Rs 30000/-. Female child reward due to 1 daughter = 1 x 5 % of 3 lakhs = Rs 15000/-. Here Mail child tax is greater than Female child reward, hence Net Male child tax payable by D = Mail child tax - Female child reward = 30000 – 15000 = Rs 15,000/- for that year.
So, I is the gross annual income from all sources, M is the number of sons and F is the number of daughters a citizen has got then, Male child tax paid by a citizen = [I x (M-F) x 5] /100, if (M-F) is positive, otherwise zero. Female child reward to be paid to the citizen = [I x (F-M) x 5] /100, if (F-M) is positive, otherwise zero.
Note:
1. Male child tax should be charged to citizen and female child reward should be given to the citizen throughout the life of the citizen.
