Home

The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get a deduction of Rs.30, 000 under sections 80C to 80U.His Gross Total Income and Net Total income are

A. Rs.150000 & 30000 respectively

B. Rs.150000 & 120000 respectively

C. Rs.120000 & 30000 respectively

D. None of the above.

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. The rates of income tax are specified in
  2. Tax on fringe benefit has been introduced from the assessment year
  3. The rates of Income Tax are specified in
  4. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  5. The Income Tax Act 1961 came into force on
  6. Which one of the following taxes is not levied by the State Government?
  7. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  8. The Income Tax Act, which is still in force in India, was enforced in
  9. The aggregate amount of deductions under chapter VI-A can not exceed
  10. Income of a minor will not be clubbed with his/her parent's income if
  11. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  12. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  13. No interest is available if the amount of refund of income tax paid is less than
  14. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  15. According to Section 2(7) of Income Tax Act "Assessee" means
  16. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  17. Which of the following income is / are exempt from tax?
  18. The term "Person" includes
  19. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  20. Every employer should pay fringe benefit tax within
  21. If both parents are earning then income of a minor child will be clubbed with
  22. Contribution to superannuation fund is
  23. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  24. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  25. The income of previous year of an assessee is taxed during the following assessment year
  26. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  27. The CBDT consists of
  28. For a senior citizen the amount of deduction U/s 80D available is
  29. The first income tax act was introduced in the year
  30. Assessment year 2006-07 commenced on