Question

10. The following informations are given in respect of Mrs. X. Compute
tax liability for Assessment year 2021-21 : Rs.
(i) (Per month salary) 90,000
(ii)
(Interest on Bank deposit (Savings Bank A/C))12,000
(iii)
(Dividend received from units of U.T.I.)10,000
(iv)
(Received share from the income of H.U.I.)7,000
(v) (Examinership remeneration received)6,000
(vi) (Deposited in Public provident fund in P.Y.)12,000
(vii) (Income from business) 1,60,000​

Answer 1

Explanation:

10. The following informations are given in respect of Mrs. X. Compute

tax liability for Assessment year 2021-21 : Rs.

(i) (Per month salary) 90,000

(ii)

(Interest on Bank deposit (Savings Bank A/C))12,000

(iii)

(Dividend received from units of U.T.I.)10,000

(iv)

(Received share from the income of H.U.I.)7,000

(v) (Examinership remeneration received)6,000

(vi) (Deposited in Public provident fund in P.Y.)12,000

(vii) (Income from business) 1,60,000