Ramchand (age 62) is a pensioner with monthly pension of ₹29,000. His income from interest on bank fixed deposit is ₹80,000. His income-tax liability for the assessment year 2019-20 would be :
CS Executive · Tax Laws and Practice · PYQS · December 2019
Ramchand (age 62) is a pensioner with monthly pension of ₹29,000. His income from interest on bank fixed deposit is ₹80,000. His income-tax liability for the assessment year 2019-20 would be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A). Official source note: Ramchand (age 62) is a pensioner with monthly pension of ₹ 29,000. His income from interest on bank fixed deposit is ₹ 80,000. His income-tax liability for the assessment year 2019-20 would be : (A) NIL (B) ₹ 9,170 (C) ₹ 9,260 (D) ₹ 7,180 62
Topics: Income Tax
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