Find out the amount of advance tax payable by Mr. A on specified dates under the Income Tax Act, 1961 for the financial year 2020-21 from the following information: ₹ Business Income Long Term 4,00,000 Capital Gain (on 3

Calculation of Total Tax FY 2020-21 Particulars Amount (₹) Business Income 4,00,000 Long Term Capital Gain (31.05.2020) 60,000 Winning from Lotteries (31.12.2020) 50,000 Interest on Loan 10,000 Other Income 5,000 Gross Total Income 5,25,000 Less: Deduction u/s 80C [Investment in notified equity shares] (10,000) Total Income 5,15,000 Tax on Total Income Long Term Capital Gain (31.05.2020) @ 20% 12,000 Winning from Lotteries (31.12.2020) @ 30% 15,000 Tax on ₹ 405000 as per normal slab rate (515000-60000-50000) 7,750 Total Tax 34,750 Add: HEC @4% 1390 Total Tax including HEC 36,140 Less: TDS 29,000 Total Advance Tax Payable 7,140 [Since, the amount of advance tax payable is less than ₹ 10,000, Mr. A is not liable to pay advance tax.] Note: It is assumed that the assessee has not opted for Section 115BAC of the Income-tax Act, 1961.