During the year 2020-21, Basu won ₹ 4,00,000 from a motor car rally out of which he deposited ₹ 1,50,000 in his PPF account. He does not have any other income. Net tax payable by Basu for A.Y. 2021 – 22 will be

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Question:During the year 2020-21, Basu won ₹ 4,00,000 from a motor car rally out of which he deposited ₹ 1,50,000 in his PPF account. He does not have any other income. Net tax payable by Basu for A.Y. 2021 – 22 will be

1.₹ 1,24,800

2.₹ 15,450

3.₹ 1,23,600

4. None of the above

Posted by R4R Team
  1. During the year 2020-21, Basu won ₹ 4,00,000 from a motor car rally out of which he deposited ₹ 1,50,000 in his PPF account. He does not have any other income. Net tax payable by Basu for A.Y. 2021 – 22 will be
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