Heena is a self-employed lady. Her business income is ₹9,00,000 and other income is ₹2,00,000. She contributes ₹20,000 per month towards National Pension Scheme. Besides, she deposited ₹20,000 in public provident fund, ₹

CS Executive · Tax Laws and Practice · PYQS · June 2021
Heena is a self-employed lady. Her business income is ₹9,00,000 and other income is ₹2,00,000. She contributes ₹20,000 per month towards National Pension Scheme. Besides, she deposited ₹20,000 in public provident fund, ₹5,000 in notified annuity plan of LIC. Compute total income of Heena for the Assessment Year 2021-22. (Assuming assessee has not opted for section 115BAC)
(A) ₹8,05,000
(B) ₹9,00,000
(C) ₹7,85,000
(D) ₹9,50,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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