12 Mr. Karan completed his MBA in April 2022 and joined XYZ Ltd from 01.05.2022. His basic salary is 2,25,000 p.m. He is paid 12% of basic salary as D.A forming part of retirement benefits. He contributed 11% of his pay and D.A. towards recognized provident fund and the company contributes the same amount. Accumulated interest on provident fund as on 31.3.2023 is 49,325. What would be the income chargeable to tax under the head "Salaries" of Mr. Karan for the A.Y. 2023-24, if he does not opt for section 115BAC? (a) (b) (c) (d) 27,26,442 27,30,884 27,22,000 27,71,325