Posted by: Pdfprep
Post Date: February 20, 2021
A salaried individual, aged 45 years, was awarded a car of market value Rs. 6,50,000 by his credit card company in a draw on 20th December 2012. There was no TDS by the company. He has total income from salary of Rs. 8,45,000 in the previous year 2012-13. He saved a total of Rs. 1,80,000 under different investment instruments eligible for exemption u/s 80C and Rs. 25,000 was paid by him on 5th January, 2013 towards his health insurance policy. Find his tax liability for AY2013-14.
A . Rs. 2,77,070/
B . Rs. 2,79,130/
C . Rs. 2,60,590/
D . Rs. 78,280/
Answer: B