Question

Mr. Madan is 86 years old and earns ₹15,00,000 per annum. What is the Secondary Education cess that he pays on his Income tax?

• A. ₹5000
• B. ₹500
• C. ₹2500
• D. ₹250

Answer 1

The correct option is C ₹2500

Mr. Madan is a Super Senior Citizen who has 80+ age.
According to his tax slabs :
Income tax = ₹1,00,000 + 30% of ₹5,00,000
= ₹1,00,000 + ₹1,50,000
= ₹2,50,000
Secondary Education cess = 1% of the income tax = $\frac{1}{100}\times 250000$ = ₹2500