Mr. X, aged 40 years, earned total income of Rs.6,00,000 during P.Y. 2020-21 including interest from post office savings bank account, ₹ 5,000 his taxable income for A.Y. 2021-22 is:
A. Rs.6,00,000
B. Rs.5,95,000
C. Rs.5,96,500
D. Nil
Answer:C
Mr. X, aged 40 years, earned total income of Rs.6,00,000 during P.Y. 2020-21 including interest from post office savings bank account, ₹ 5,000 his taxable income for A.Y. 2021-22 is:
A. Rs.6,00,000 B. Rs.5,95,000 C. Rs.5,96,500 D. Nil