Question
A is Resident in India aged 60 years earned agricultural income of Rs. 5,00,000 and non-agricultural income Rs. 3,00,000 during the previous year 2019-20. What is tax libaility of A?
The correct answer is
Nil
For AY 2020–21, a resident aged 60 has a ₹3 lakh basic exemption limit. Non-agricultural income is exactly that limit, so partial integration of agricultural income is not triggered and income-tax liability is nil.
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