MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Tax Rates Depending on Age of Individual

What is the m...

Question

What is the minimum amount for Senior citizens(age 60-80) upto which 0% tax is levied?

A

₹3 Lakhs

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

₹5 Lakhs

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

₹2.5 Lakhs

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

₹0

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A ₹3 Lakhs
The minimum amount according to the Income tax slabs on which 0 tax is levied on senior citizens aged 60-80 is ₹3 Lakhs

Suggest Corrections

thumbs-up

0

Similar questions

Q. A certain entertainment tax on each ticket is levied by the state.

From the graph, find the amount of tax levied by the state if the amount raised from the ticket sold is $150,000.

Q. A certain entertainment tax on each ticket is levied by the state.

From the graph, find the amount of tax levied by the state if the amount raised from the ticket sold is ₹1,50,000.

Q. The rent for a light equipment is

$ 1200

and the tax levied is

$ 90

. What is the tax rate?

Q. The rent for a light equipment is

₹ 1200

and the tax levied is

₹ 90

. What is the tax rate?

Q. What will be the income tax levied on a citizen above 80 years of age if he earns ₹4,50,000 per annum?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Tax Rates Depending on Age of Individual

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Tax Rates Depending on Age of Individual

Standard IX Mathematics

Join BYJU'S Learning Program

CrossIcon