Ms. Shikha, an Indian resident, is very happy as her partnership firm is working very well and she gets a good amount of profit from that business. With her earning, she has travelled a lot in A.Y 2022-23. She left for Europe on June 30, 2021, and return on October 12, 2021. Before that she travelled to Japan by leaving on Jan 1, 2022 and returning on April 5, 2022. Her long-lived foreign tour dream came true in year 2021-22 only. She also owns a wholesale business as sole proprietor. As she is about to file her income tax return, she furnishes following information related to A.Y 2022-23.

Salary 1,00,000 per month

Share of profit from the firm 44,000

Interest on invested capital received 40,000

Interest from bank on fixed deposit 55,000

Interest on saving bank account 20,500

Contribution toward Prime Minister National Relief Fund 50,000

Income-tax refund for A.Y. 2021-22 (including interest of 2,000) 34,500

Net profit from wholesale business 8,00,000

Following amount is debited in wholesale business:

Depreciation as per books 34,000

Motor car expenses 40,000

Municipal taxes for the shop 7,000

Salary to manager 22,000

The WDV of the assets (as on 1.4.2021) used in above wholesale business is as:

Computers 2,40,000

Computer printer 1,50,000

Car bought on 31.10.2021 (50% used for personal use) 7,00,000

She received arrears of rent October, 2021 1,35,000

Life insurance premium paid 60,000

PPF 70,000

Health insurance premium paid for self 35,000

You are required to calculate taxable income and tax liability for Ms. Shikha for A.Y. 2022-23 for new tax regime u/s 115 BAC and old tax regime.