The total income of Mrs. Rose for the financial year 2018-19 is ₹3,40,000. Her tax liability for A.Y. 2019-20 on the income of ₹3,40,000 shall be :

CS Executive · Tax Laws and Practice · PYQS · June 2019
The total income of Mrs. Rose for the financial year 2018-19 is ₹3,40,000. Her tax liability for A.Y. 2019-20 on the income of ₹3,40,000 shall be :
(A) ₹2,080
(B) NIL
(C) ₹2,500
(D) ₹4,700

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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