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Question
Observe the table and state whether the income tax is to be paid or not with reason for the following persons having taxable income of F.Y. 2012−13 as given below:
Person Age (in year) Taxable income The tax is to be paid or not Reason Sau. Shalini 25 Rs. 1,30,000
Shri. Dhiraj 32 Rs. 2,85,000 Shri Shashibhai 80 Rs. 2,70,000 Smt. Minakshi 61 Rs. 2,40,000
| Person | Age (in year) | Taxable income | The tax is to be paid or not | Reason |
| Sau. Shalini | 25 | Rs. 1,30,000 | ||
| Shri. Dhiraj | 32 | Rs. 2,85,000 | ||
| Shri Shashibhai | 80 | Rs. 2,70,000 | ||
| Smt. Minakshi | 61 | Rs. 2,40,000 |
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Solution
According to the taxation rule for F.Y. 2012−13.
Person Age (in year) Taxable income The tax is to be paid or not Reason Sau. Shalini 25 Rs. 1,30,000 Tax is not to be paid Taxable income is below basic exemption i.e. Rs. 2,00,000. Shri. Dhiraj 32 Rs. 2,85,000 Tax is to be paid Taxable income is above basic exemption i.e. Rs. 2,00,000. Shri Shashibhai 80 Rs. 2,70,000 Tax is to be paid Taxable income is above basic exemption i.e. Rs. 2,50,000. Smt. Minakshi 61 Rs. 2,40,000 Tax is not to be paid Taxable income is below basic exemption i.e. Rs. 2,50,000.
| Person | Age (in year) | Taxable income | The tax is to be paid or not | Reason |
| Sau. Shalini | 25 | Rs. 1,30,000 | Tax is not to be paid | Taxable income is below basic exemption i.e. Rs. 2,00,000. |
| Shri. Dhiraj | 32 | Rs. 2,85,000 | Tax is to be paid | Taxable income is above basic exemption i.e. Rs. 2,00,000. |
| Shri Shashibhai | 80 | Rs. 2,70,000 | Tax is to be paid | Taxable income is above basic exemption i.e. Rs. 2,50,000. |
| Smt. Minakshi | 61 | Rs. 2,40,000 | Tax is not to be paid | Taxable income is below basic exemption i.e. Rs. 2,50,000. |
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