Thanks both of you,

I ran EXPLAIN command on above suggested query and got following result:

"Aggregate  (cost=2.77..2.79 rows=1 width=10)"
"  ->  Seq Scan on studentfeespayment  (cost=0.00..2.77 rows=1 width=10)"
"        Filter: (date_part('month'::text, (recieptmonthyear)::timestamp
without time zone) = 4::double precision)"

What does this mean? Can I optimize it better?

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