98) consider the following statements with regard to budget 2017-18. Identify the incorrect statement/s.
b) Surcharge of 10% of tax payable on categories of individuals whose annual taxable income is between 50 lakhs and 1 crore.
a) Existing rate of taxation for individual assesses between income of 2.5 lakhs to 5 lakhs reduced to 5% from the present rate of 10%.
98 Ans D