The following information is given for Mr. Sagar (aged 25 years) Total Gross Income from...

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The following information is given for Mr. Sagar (aged 25 years) • Total Gross Income from Salaries after all allowances is ₹ 4,44,000 • Standard Deduction is not adjusted in the above Salaries Income. • Income received from House Property owned by Mr. Sagar is ₹ 4,12,500 • No Housing Loan is borrowed on the above property • Municipal Taxes paid on above House Property is 2,500 • Other Income received is 7,150 • Contribution to NSC and PPF is * 1,53,000 Find out the total Income Tax Liability of Mr.Sagar if he is a Resident Indian for the Assessment Year 2021-22. Mr. Sagar has not opted for Tax at concessional Rates. The following information is given for Mr. Sagar (aged 25 years) • Total Gross Income from Salaries after all allowances is ₹ 4,44,000 • Standard Deduction is not adjusted in the above Salaries Income. • Income received from House Property owned by Mr. Sagar is ₹ 4,12,500 • No Housing Loan is borrowed on the above property • Municipal Taxes paid on above House Property is 2,500 • Other Income received is 7,150 • Contribution to NSC and PPF is * 1,53,000 Find out the total Income Tax Liability of Mr.Sagar if he is a Resident Indian for the Assessment Year 2021-22. Mr. Sagar has not opted for Tax at concessional Rates.

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Assessee Assessment year previous year L Accounting Mr Sagar ... View the full answer