Hi,
With the issue description, I understand that you are experiencing issues in installing .Net Framework 4.6.1 and getting an error: 0x00000490 on your Windows 8.1 machine. I will certainly help you in getting this issue fixed.
I would appreciate if you could help me with more information:
How are you installing .Net Framework? Are you trying to install it Offline, Web Installer or through Windows Updates?
If you are trying to install it through Windows Updates then this issue might occur due to corruption in system files. I would suggest you to run DISM tooland check the issue. Please follow these steps:
a. Press Windows + X keys and click command prompt (admin).
b. Type the following command in command prompt and press Enter.
DISM.exe /Online /Cleanup-image /Scanhealth. (Press Enter)
DISM.exe /Online /Cleanup-image /Restorehealth. (Press Enter)
To close the Administrator: Command Prompt window, type Exit, and then press Enter.
Note: The tool might take 15-20 minutes to finish running, so please do not cancel it.
If you are trying to install .Net Framework Offline or through Web Installer, then I would suggest you to refer to the below mentioned article and check if that helps:
Troubleshooting Blocked .NET Framework Installations and Uninstallations
https://msdn.microsoft.com/en-us/library/hh925569%28v=vs.110%29.aspx?f=255&MSPPError=-2147217396
To do so: Important this section, method, or task contains steps that tell you how to modify the registry. However, serious problems might occur if you modify the registry incorrectly. Therefore, make sure that you follow these steps carefully. For added protection, back up the registry before you modify it. Then, you can restore the registry if a problem occurs. For more information about how to back up and restore the registry, click the following article number to view the article in the Microsoft Knowledge Base:
**How to back up and restore the registry in Windows**
https://support.microsoft.com/en-us/kb/322756
Hope this information is helpful. Please write back to us if you need any further assistance, we'll be glad to assist you.