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:

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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

Posted Date:-2022-08-28 04:23:11

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