7. Mr. Ashish's total income comprises of long-term capital gains on sale of land 5 lakhs; short-term capital gains on sale of STT paid listed equity shares 2 lakhs; income from lottery 1 lakh and savings bank interest 30,000. He invests 1.50 lakhs in PPF. His tax liability for A.Y.2024-25, assuming that he is a resident Indian of the age of 40 years and does not opt for the provisions of section 115BAC, is- (a) 1,64,800 (b) 1,66,400 (c) 1,14,400 Ans: (c) (d) 1,13,300 (MTP 2 Marks Oct'22) can anyone explain me calculation

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