Step 1: Understand the span-to-depth ratio for a two-way slab.
The span-to-overall-depth ratio (\( \text{span}/D \)) for a simply supported two-way slab with mild steel reinforcement is governed by IS 456:2000 (Clause 23.2.1). A two-way slab has a longer-to-shorter span ratio \( \leq 2 \), and the ratio ensures deflection control.
Step 2: Apply the standard from IS 456:2000.
As per IS 456:2000, Table 4, the basic span-to-overall-depth ratio for a simply supported two-way slab with mild steel reinforcement (Fe 250) is: \[ \text{span}/D = 35. \] This value may be modified based on reinforcement percentage or steel stress, but no such details are provided, so the basic value applies.
Step 3: Compare with the options.
The standard value of 35 matches option (3), confirming it as the correct choice for a simply supported two-way slab with mild steel reinforcement.