Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Income-tax
The Gross Total income of A aged 31 years as computed under the income-tax Act for the AY 2023-24 is Rs.4,00,000. He deposits Rs.20,000 in a PPF account. Compute the tax payable by A assuming that he has an agricultural income of Rs. 3,50,000.
1
Rs. 27,040
2
Rs. 31,200
3
Nil
4
Rs. 6,760