At present, the marginal rate of income tax (i.e., tax for the highest slab) is _______.

10

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20

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30

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40

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Solution

The correct option is C $30$ %
Marginal rate of income tax means highest slab of income tax, i.e., $30$ % for individuals having income above $R s . 10, 00, 000$ .

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At present, the marginal rate of income tax (i.e., tax for the highest slab) is _______.

The correct option is C 30%Marginal rate of income tax means highest slab of income tax, i.e., 30% for individuals having income above Rs.10,00,000.

The correct option is C $30$ %
Marginal rate of income tax means highest slab of income tax, i.e., $30$ % for individuals having income above $R s . 10, 00, 000$ .