Computation of income tax for the assessment year 2016-17

Anil kumar (student) (116 Points)

25 April 2016  

Dear Sir/Mam, 

               Please  help me  in solving this question 

 

A person aged 61 years has the following incomes :

  • LTCG - 2,00,000.00
  • STCG - 30,000.00
  • LOTTERY WINNIGS - 20,000.00
  • BUSINESS PROFIT - 2,20,000.00
  • NET AGRI INCOME - 40000.00

 

Deductions

  • LIFE INSURANCE PREMIUM - 60,000.00

Whats the amount of tax payable for the A.Y. 2016-17?