Question

income and investment for financial year 2017-18, as under:
Particulars
Amount (In)
Income from salary
3,00,000
Interest from fixed deposits with bank
15,000
Interest from personal loans
5,000
Interest from Public Provident Fund Account (PPF)
25,000
Deposit in Public Provident Fund Account (PPF)
1,50,000
Calculate his income tax liability for AY 2018-19.
1. Describe the Income Tax rates for individuals below 60 years of
age. Mr. A, aged 42 years, submitted the following details of his​

Answer 1

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Explanation:

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