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Calculate the taxable income from the following investments made by Mr. Ram for the A.Y. 2025-26.

Economics

ScanSolve AI Answer

Answer

₹94,500

Step-by-step solution

5 steps

  1. Interest income from government securities (a).

    Interest=15%×₹1,50,000\text{Interest} = 15\% \times ₹1,50,000 =0.15×1,50,000=₹22,500= 0.15 \times 1,50,000 = ₹22,500

    Interest on government securities is taxable.

  2. Interest income from debentures of Y Ltd.

    (b).
    Interest received = ₹36,000
    Interest on company debentures is taxable.

  3. Interest income from tax-free commercial securities (c).

    Interest received = ₹18,000
    Tax-free interest is exempt from tax.
    Taxable income = ₹0

  4. Interest income from Reliance Ltd.

    Bonds (d).

    Interest=9%×₹4,00,000\text{Interest} = 9\% \times ₹4,00,000 =0.09×4,00,000=₹36,000= 0.09 \times 4,00,000 = ₹36,000

    Interest on company bonds is taxable (ignoring alternative tax regime).

  5. Total taxable income from investments.

    ₹22,500+₹36,000+₹0+₹36,000=₹94,500₹22,500 + ₹36,000 + ₹0 + ₹36,000 = ₹94,500

    Total taxable income = ₹94,500
    ₹94,500

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