(ii) Total Interest on Saving Bank Deposit (v) Received share in the Income of H. U. F. (iv) He deposited in Public Provident Fund during the previous year apital gains. 10. Mr. K. N. Mehra aged 87 years is a retired Government employee. He is now running a cloth business. The following informations of his income for the financial year 2016-17 are given below. Compute tax liability for the assessment year 2017-18: (i) Pension per month (iii) Dividend received on Units of Unit Trust of India 7 16,750 40,000 18,000 1,60,000 (vii) Income from Business (vi) Head Examinership remuneration received 28,000 (Ans.: G.T.I.16,55,500, Taxable Income 14,95,500; Tax 2,56,110.] Notes: (1) Maximum amount for deduction u/s 80C for PPF is 1,50,000. 14,500 14,00,000 (2) W.e.f. assessment year 2013-14, the maximum deduction on Saving Bank Interest u/s 80TTA is 10,000.