Tax on sale of short term capital asset (land)

For example Mr.K aged 45 years purchased land on 01.03.2019 for 3,50,000 ( SDV and FVOC is same 350000) and He sold that land on 25.02.2021 for 4,20,000. STCG is 70,000. No other income during the PY 2020- 21. What is the tax liability.