Question

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

Answer 1

(i) Miss Nikita is of age 27 and her taxable income is Rs 2,34,000.
She doesnt need to pay income tax as her earning is less than Rs 2,50,000.

(ii) Mr.Kulkarni is of age 36 years and his taxable income is Rs 3,27,000.
So, his taxable income falls in the slab of 2,50,001 to 5,00,000.
Thus, he needs to pay the income tax.

(iii) Miss Mehta is of age 44 and has a taxable income of Rs 5,82,000.
She needs to pay the income tax as her taxable income falls in the slab of Rs 5,00,001 to 10,00,000.

(iv) Mr. Bajaj is of age 64 years and has a taxable income of Rs 8,40,000.
He needs to pay the income tax as his taxable income falls in the slab of Rs 5,00,001 to 10,00,000.

(v) Mr. Desilva is of age 81 years and has taxable income of Rs 4,50,000.
He doesnt need to pay income tax as he is in the super senior category and has taxable income of less than Rs 5,00,000.