Mr. Soloman, a resident in India, aged 70 and has the following income for the previous year 2020-21. (All the incomes given below are the computed income):
(i) Net taxable pension from employer ₹ 3,30,000
(it) Rental income under house pro-perty ₹ 2,00,000
(iii) Agricultural income ₹ 60,000
His total tax liability for A.Y. 2021-22 is:
Question:Mr. Soloman, a resident in India, aged 70 and has the following income for the previous year 2020-21. (All the incomes given below are the computed income):
(i) Net taxable pension from employer ₹ 3,30,000
(it) Rental income under house pro-perty ₹ 2,00,000
(iii) Agricultural income ₹ 60,000
His total tax liability for A.Y. 2021-22 is:
1. ₹ 26,000
2. ₹ 13,240 after rebate u/s 87A
3. ₹ 18,240
4.Nil, because total income is less than ? 5,00,000
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!