Mr. Shravan is on a salary of ₹ 40,000 p.m. He also took advance of ₹ 2,00,000 against salary, on 1.3.2021. What will be his salary income for P.Y. 2020-21 after allowing standard deduction of ₹ 50,000
A. ₹ 4,30,000
B. ₹ 6,80,000
C. ₹ 4,40,000
D. ₹ 6,00,000
Answer:A
Mr. Shravan is on a salary of ₹ 40,000 p.m. He also took advance of ₹ 2,00,000 against salary, on 1.3.2021. What will be his salary income for P.Y. 2020-21 after allowing standard deduction of ₹ 50,000
A. ₹ 4,30,000 B. ₹ 6,80,000 C. ₹ 4,40,000 D. ₹ 6,00,000