Mr. Anay (aged 52 years), is a CEO of XYZ Enterprise Limited. During the previous year 2023-24, he earned salary of 1,65,00,000 and long-term…

Mr. Anay (aged 52 years), is a CEO of XYZ Enterprise Limited. During the previous year 2023-24, he earned salary of 1,65,00,000 and long-term capital gain on sale of listed equity shares (STT paid) amounting to 1,06,500. He earned interest of 4,82,778 on saving bank account. Further, he has provided the following other information for filing his return of income: He does not receive house rent allowance from his employer. Mr. Anay took a loan from State Bank of India on 27 th October 2021 for repairing his house (self-occupied) at Delhi and paid interest on such borrowings of 80,000 and - 1,50,000 towards principal amount during the previous year 2023-24. Mr. Anay has made the following payments towards medical insurance premium for health policies taken for his family members: Medical premium for his brother:13,500 (by cheque) Medical premium for his parents:17,670 (by cheque) Medical premium for self and his wife:21,000 (by cheque). He also incurred - 6,400 towards preventive health check-up of his wife in cash. He deposited - 1,00,000 towards PPF. He also deposited - 50,000 and - 2,50,000 towards Tier I and Tier II NPS A/c, respectively. He has paid - 5,30,000 as advance tax. His employer has deducted tax at source of 51,89,000. He is of the opinion that the balance amount of tax, if any, he will pay on 27 th July 2024. Mr. Anay shift out of the default tax regime under section 115BAC. Based on the facts of the case scenario given above, choose the most appropriate answer to the following questions:-