MyQuestionIcon

1

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

Tax Rates Depending on Age of Individual

What will be ...

Question

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

A

₹12500

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

B

₹2500

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

C

₹10000

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

D

₹0

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

Open in App

Solution

The correct option is D ₹0
There will be no tax levied as the citizen is a super senior citizen above 80 years of age and they have tax exemption upto ₹5,00,000.

Suggest Corrections

thumbs-up

0

Similar questions

Q. If Raman earns ₹251000 per annum, and his age is 22 years, how much income tax(Including Education cess and Secondary education secc) does he pay?

Q. Mr. Mishra Earns ₹6,00,000 per annum. After paying his taxes , and spending ₹ 4,50,000 , he saves ₹ 1,10,000. What is the total percentage of tax that he pays on his total income.

Q. If Krish earns ₹24,80,000 per annum, and his age is 32 years, how much income tax(Including Education cess and Secondary education secc) does he pay?

Q. Mr. Mathur is 82 years old and earns ₹15,00,000 per annum. What is the Education cess that he pays on his Income tax?

Q. 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?

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