From the following information given by Duke Ltd., for the Previous Year 2020-21, compute the tax payable by it for the Assessment Year 2021-22 by assuming that the company does not avail the options u/s 115BAA/115BAB: T

Computation of Tax Payable by Duke Ltd for AY 2021-22 Particulars Amount (₹) Tax on Total Income on ₹30,00,000 @ 25% (Turnover is less than ₹400 crores during the PY 2018-19) 7,50,000 Add: Surcharge - Add: Health and Education Cess @ 4% 30,000 Tax payable on Total Income 7,80,000 Minimum Alternate Tax on Book Profit of ₹35,00,000 @ 15% 5,25,000 Add: Surcharge - Add: Health and Education Cess @ 4% 21,000 Tax payable as per MAT 5,46,000 Tax payable on total income is more than MAT and hence the company has to pay tax on total income. Further, it can claim MAT credit u/s 115JAA. Amount (₹) Actual Tax Payable (higher of the above two) 7,80,000 Less: Eligible MAT Credit Difference (7,80,000 - 5,46,000) = 2,34,000 (2,34,000) Or B/F Credit = 2,62,000 Whichever is less Net Tax Liability 5,46,000 Assumption: Company is assumed as domestic company and does not availed the option u/s 115BAA / 115BAB.