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Income Tax and Related Terms

Compute the i...

Question

Compute the income tax of Miss Varsha (Age 26 years) and she has a taxable income of Rs. 2,30,000.
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Solution

The correct option is A 0.0
Taxable income = Rs 2,30,000
The tax payable is 0 as the taxable income is less than Rs 2,50,000.

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Similar questions

Compute the income tax payable by following individuals.

(i) Mr. Kadam who is 35 years old and has a taxable income of Rs. 13,35,000.

(ii) Mr. Khan is 65 years of age and his taxable income is Rs. 4,50,000.

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