Arjun has a salary income of ₹4,60,000. He also received an interest of ₹18,000 on his fixed deposit (after deducting TDS @ 10%) and ₹2,000 on his savings account with SBI. He deposited ₹50,000 in PPF account. The net in
CS Executive · Tax Laws and Practice · PYQS · June 2015
Arjun has a salary income of ₹4,60,000. He also received an interest of ₹18,000 on his fixed deposit (after deducting TDS @ 10%) and ₹2,000 on his savings account with SBI. He deposited ₹50,000 in PPF account. The net income-tax liability of Arjun for the assessment year 2015-16 is
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
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