Tax Rates Depending on Age of Individual

Q. Observe the table given below. Check and decide, whether the individuals have to pay income tax.

S. No.	Individuals	Age	Taxable Income (rs )	Will have to pay income tax or not
(i) (ii) (iii) (iv) (v)	Miss Nikita Mr.Kulkarni Miss Mehta Mr. Bajaj Mr. Desilva	27 36 44 64 81	rs 2, 34, 000 rs 3, 27, 000 rs 5, 82, 000 rs 8, 40, 000 rs 4, 50, 000

Q.

Mr. Ahmed, a 62-year-old senior citizen is employed in a private company. His total annual income is ₹6, 20, 000. He has contributed ₹1, 00, 000 to the Public Provident Fund and paid a premium of ₹80, 000 for the year for health insurance and a donation of ₹10, 000 to CM's Relief Fund. What is tax payable?

Q. What is the minimum amount for Senior citizens(age 60-80) upto which 0% tax is levied?

1. ₹3 Lakhs
2. ₹5 Lakhs
3. ₹2.5 Lakhs
4. ₹0

Q. Which of these is not an income tax slab for citizens above 80 years of age?

1. ₹2, 50, 001 - ₹5, 00, 000
2. ₹10, 00, 000 and above
3. None of the above
4. ₹5, 00, 001 - 10, 00, 000

Q. No tax is levied up to a certain limit of taxable income. This is called ______.

1. threshold income
2. basic exemption limit
3. poverty line
4. secondary income

Q. Mr. Grover is 62 years old and earns ₹7, 50, 000 per annum. How much Income tax(along with Education cess and Secondary education cess) he has to pay according to the taxation table?

1. ₹60, 400
2. ₹62, 400
3. ₹61, 800
4. ₹64, 840

Q. Mr. Grover is 62 years old and earns ₹7, 50, 000 per annum. How much income tax (along with Education cess and Secondary education cess) he has to pay according to the taxation table?

Q. If Raman earns ₹251000 per annum, and his age is 22 years, how much income tax(Including Education cess and Secondary education secc) does he pay?

1. ₹26.75
2. ₹0
3. ₹102
4. ₹51.5

Q. What will be the income tax levied on a citizen above 80 years of age if he earns ₹4, 50, 000 per annum?

1. ₹12500
2. ₹2500
3. ₹10000
4. ₹0

Q. What will be the income tax levied on a citizen below 60 years of age if he earns ₹2, 50, 000 per annum.

1. ₹12500
2. ₹0
3. ₹25000
4. ₹2500

Q. What will be the income tax that a senior citizen of age 88 has to pay if he earns ₹4, 90, 000 per annum?

1. ₹4900
2. ₹2950
3. ₹6000
4. ₹0

Q. Under what head, will the income of a Chartered Accountant come?

1. Salary
2. Capital gain
3. Other source
4. Profession