Mr. A, aged 54 years has earned a lottery income of ₹ 1,20,000 (gross) during the previous year 2020-21. He also received interest on FD of ₹ 30,000. He invested an amount of ₹ 10,000 in PPF and ₹ 24,000 in NSC. What is the amount of deduction available u/s 80C to Mr. A
A. 34,000
B. 10,000
C. 24,000
D. 30,000
Answer:D
Mr. A, aged 54 years has earned a lottery income of ₹ 1,20,000 (gross) during the previous year 2020-21. He also received interest on FD of ₹ 30,000. He invested an amount of ₹ 10,000 in PPF and ₹ 24,000 in NSC. What is the amount of deduction available u/s 80C to Mr. A
A. 34,000 B. 10,000 C. 24,000 D. 30,000