AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 176 Topic 18 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 176 Topic 18 Discussion

GLO_CWM_LVL_1 Exam Topic 18 Question 176 Discussion:
Question #: 176
Topic #: 18

A salaried individual, aged 45 years, was awarded a car of market value Rs. 6,50,000 by his credit card company in a draw on 20th December 2012. There was no TDS by the company. He has total income from salary of Rs. 8,45,000 in the previous year 2012-13. He saved a total of Rs. 1,80,000 under different investment instruments eligible for exemption u/s 80C and Rs. 25,000 was paid by him on 5th January, 2013 towards his health insurance policy. Find his tax liability for AY2013-14.


A.

Rs. 2,77,070/-


B.

Rs. 2,79,130/-


C.

Rs. 2,60,590/-


D.

Rs. 78,280/-


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