A member of Parliament received ₹ 1,50,000 per month as salary and ₹ 4,50,000 as daily allowances during PY 2017-18. The taxable amount will be –
A. Salary ₹ 18,00,000
B. Income from profession ₹ 22,50,000
C. Income from other sources ₹ 18,00,000
D. Nil
Answer:C
A member of Parliament received ₹ 1,50,000 per month as salary and ₹ 4,50,000 as daily allowances during PY 2017-18. The taxable amount will be –
A. Salary ₹ 18,00,000 B. Income from profession ₹ 22,50,000 C. Income from other sources ₹ 18,00,000 D. Nil