Lalit, a resident individual of 81 years works as a consultant. If his taxable income is ₹5,20,000, the tax payable by him would be

CS Executive · Tax Laws and Practice · PYQS · June 2015
Lalit, a resident individual of 81 years works as a consultant. If his taxable income is ₹5,20,000, the tax payable by him would be
(A) ₹22,660
(B) Nil
(C) ₹2,060
(D) ₹12,460.

Answer & Explanation:

The official key records '#'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: none of the option is correct, the correct answer is ₹ 4,120.

Topics: Income Tax

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