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.

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  2. Tax on fringe benefit has been introduced from the assessment year
  3. The rates of Income Tax are specified in
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  5. The Income Tax Act 1961 came into force on
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  24. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
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