Rajiv (aged 28 years) received cash gift of ₹ 2 lakh on the occasion of his marriage. It includes gift from non-relative of ₹80,000. His income by way of lottery winnings is ₹ 3 lakh. His net income tax liability (ignoring TDS) would be –
A. ₹ 93,600
B. ₹ 22,660
C. ₹12,360
D. ₹ 25,750
Answer:A
Rajiv (aged 28 years) received cash gift of ₹ 2 lakh on the occasion of his marriage. It includes gift from non-relative of ₹80,000. His income by way of lottery winnings is ₹ 3 lakh. His net income tax liability (ignoring TDS) would be –
A. ₹ 93,600 B. ₹ 22,660 C. ₹12,360 D. ₹ 25,750