Calculate advance tax payable by Sumit on or before 15th September, 2013 from the following: Rent from house property ₹46,000 per month; municipal taxes paid by him ₹32,000 —

Correct answer: (C) ₹4,450. House-property income = (46,000×12−32,000)×70% = 3,64,000. Tax after historical section 87A rebate and 3% cess = 14,832. September instalment 30% = 4,449.60, rounded 4,450. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.