Ramesh (age 75) engaged in business has total income of ₹8,00,000 for the year ended 31st March, 2021. How much of advance tax, he must have paid before 15th December, 2020? Ignore section 115BAC.

CS Executive · Tax Laws · PYQS · June 2021
Ramesh (age 75) engaged in business has total income of ₹8,00,000 for the year ended 31st March, 2021. How much of advance tax, he must have paid before 15th December, 2020? Ignore section 115BAC.
(A) NIL
(B) ₹72,800
(C) ₹54,600
(D) ₹43,680

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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