Rajiv (aged 28 years) received a cash gift of ₹ 2 lakhs on the occasion of his marriage. It includes gifts from non¬relative of ₹ 80,000. His income by way of lottery winnings is ₹ 3 lakhs. His net income tax liability (ignoring TDS) would be

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Question:Rajiv (aged 28 years) received a cash gift of ₹ 2 lakhs on the occasion of his marriage. It includes gifts from non¬relative of ₹ 80,000. His income by way of lottery winnings is ₹ 3 lakhs. His net income tax liability (ignoring TDS) would be

1. ₹ 93,600

2. ₹ 22,660

3.₹ 12,360

4. ₹ 25,750

Posted by R4R Team
  1. Rajiv (aged 28 years) received a cash gift of ₹ 2 lakhs on the occasion of his marriage. It includes gifts from non¬relative of ₹ 80,000. His income by way of lottery winnings is ₹ 3 lakhs. His net income tax liability (ignoring TDS) would be
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