What would be the tax liability of Ms. Savita, a resident, who attained the age of 60 years on 01.04.2024 on the total income of 7,25,000,…
CA Intermediate · Taxation · MTP · May 2024
What would be the tax liability of Ms. Savita, a resident, who attained the age of 60 years on 01.04.2024 on the total income of 7,25,000, comprising of salary income and interest on fixed deposits under default tax regime under section 115BAC?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
₹ 26,000
Topics: Paper 3B: Goods and Services Tax, Paper 3A: Income Tax Laws
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