Taxable income of Mohan Singh from different sources during the previous year was ₹10,41,000. His agriculture income for the period was ₹42,000. Find his tax liability for the A.Y. 2021-22. (Assuming assessee has not opt

CS Executive · Tax Laws and Practice · PYQS · June 2021
Taxable income of Mohan Singh from different sources during the previous year was ₹10,41,000. His agriculture income for the period was ₹42,000. Find his tax liability for the A.Y. 2021-22. (Assuming assessee has not opted for section 115BAC)
(A) ₹3,12,300
(B) ₹1,37,400
(C) ₹1,42,896
(D) ₹1,40,710

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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