Ankita Arora aged 63 years and a resident in India, has a total income of ₹1,20,00,000 comprising: Income from trading in crypto currency ₹22,00,000 on 1st January, 2025 taxable under section 115BBH. Short-term capital g

Computation of Tax Liability of Ankita Arora for A.Y. 2025-26 S. No. Particular Amount (₹) Amount (₹) Tax on Total Income of ₹1,20,00,000: (i) Tax on Income from crypto currency u/s 115BBH @ 30% (₹22,00,000 x 30%) 6,60,000 (ii) Tax on STCG u/s 111A @ 20% (w.e.f. 23 July, 2024 taxable @ 20%) (₹35,00,000 x 20%) 7,00,000 (iii) Tax on other income ₹63,00,000 (as per new tax regime u/s 115BAC) Up to 3,00,000 Nil ₹3,00,001 - ₹7,00,000 @ 5% of 4,00,000 20,000 ₹7,00,001 - ₹10,00,000 @ 10% of 3,00,000 30,000 ₹10,00,001 - ₹12,00,000 @ 15% of 2,00,000 30,000 ₹12,00,001 - ₹15,00,000 @ 20% of 3,00,000 60,000 ₹15,00,001 - ₹63,00,000 @ 30% of 48,00,000 14,40,000 15,80,000 29,40,000 Less: Rebate u/s 87A (Since total income exceeds ₹7,00,000, no rebate allowed.) Nil 29,40,000 Add: Surcharge @ 15% of Tax (since Income exceeds ₹1 crore) (29,40,000 x 15%) 4,41,000 33,81,000 Add: Health and Education Cess @ 4% of 33,81,000 1,35,240 Total of Tax, Surcharge and Cess 35,16,240