Mr. Raghav Sharma, aged 39 years, is a resident individual, and his income for the financial year relevant to Assessment Year 2025-26 arises from…

Mr. Raghav Sharma, aged 39 years, is a resident individual, and his income for the financial year relevant to Assessment Year 2025-26 arises from the following sources: 1. Income from sole proprietorship business in Pune:55 lakhs 2. Share of profit from a partnership firm in Mumbai:28 lakhs 3. Agricultural income from coffee estates in Country 'Z' (a foreign country with which India does not have a Double Taxation Avoidance Agreement – DTAA): Gross income: $45,000Tax deducted at source in Country 'Z': $12,000 4. Brought forward business loss (relates to coffee estates) of $5,000 from F.Y. 2023-24 in Country ‘Z', which is not allowed to be set off against other income under the laws of that country. 5. The following investments and expenses were made by Mr. Raghav during the year: Contribution to Public Provident Fund (PPF):1,50,000Medical insurance premium (paid via account payee cheque) for his own health:26,000Medical insurance premium for his resident senior citizen parents (aged 65 and 68 years):64,000Medical expenditure of 18,000 on the treatment of his dependent sister, who is a person with disability. She does not claim deduction under section 80U. You are required to Compute the Total Income and Net Tax Liability of Mr. Raghav Sharma for A.Y. 2025–26, after allowing relief under section 91 (since no DTAA exists). The exchange rate is 1 $ = 80 and Mr. Raghav opt out for taxation under default tax regime u/s 115BAC.