Start learning →

CA Inter Income Tax: Computation under Alternative Tax Regimes — practice questions

Explore 60 free Income Tax: Computation under Alternative Tax Regimes questions in CA Inter Taxation. Open each question or exercise to read its content, reference answers and available explanation.

Practise Income Tax: Computation under Alternative Tax Regimes with Quill →

Income Tax: Computation under Alternative Tax Regimes questions and exercises with answers

Showing questions 1–30 of 60.

Who may opt for the concessional slab regime of section 115BAC?Read the answer and worked solution →Section 115BAC as inserted applies from which assessment year?Read the answer and worked solution →How is the section 115BAC tax computation brought into play?Read the answer and worked solution →Under the AY 2021-22 text of 115BAC, which rate applies from Rs 2,50,001 to Rs 5,00,000?Read the answer and worked solution →A slice of income between Rs 5,00,001 and Rs 7,50,000 attracts which 115BAC rate (AY 2021-22)?Read the answer and worked solution →Which rate do the original 115BAC slabs fix for the Rs 12.5 lakh to Rs 15 lakh slice?Read the answer and worked solution →As enacted for AY 2021-22, the rate on income above Rs 15,00,000 isRead the answer and worked solution →The basic exemption limit in the 115BAC rate schedule as enacted wasRead the answer and worked solution →How many slabs did the new regime have when introduced?Read the answer and worked solution →Anil opts for 115BAC and has total income of Rs 4,00,000 in AY 2021-22. Tax before cess?Read the answer and worked solution →Compute AY 2021-22 section 115BAC tax (no cess) for total income of Rs 6 lakh.Read the answer and worked solution →A HUF with Rs 8 lakh total income opts for 115BAC in AY 2021-22. Slab tax, ignoring cess?Read the answer and worked solution →Slab tax before cess for an individual earning Rs 10 lakh under new regime, AY 2021-22?Read the answer and worked solution →Under the original 115BAC slabs, what is the pre-cess tax for Rs 12 lakh income?Read the answer and worked solution →Meera's total income is Rs 15 lakh. What tax before cess do the 115BAC slabs give?Read the answer and worked solution →Applying the AY 2021-22 115BAC slabs, how much tax before cess falls on Rs 18 lakh?Read the answer and worked solution →A taxpayer with Rs 20 lakh total income picks 115BAC. Tax before cess, AY 2021-22?Read the answer and worked solution →Total income Rs 9 lakh; original 115BAC rates apply. Find the tax before adding cess.Read the answer and worked solution →On total income of only Rs 3 lakh, how much tax arises under original 115BAC rates?Read the answer and worked solution →Income rises from Rs 15 lakh to Rs 16 lakh under AY 2021-22 115BAC slabs. Extra tax before cess?Read the answer and worked solution →Rs 14 lakh of total income taxed at the original 115BAC rates yields what, before cess?Read the answer and worked solution →What tax before cess does Rs 11 lakh produce under the AY 2021-22 115BAC rates?Read the answer and worked solution →Slab tax before cess is Rs 75,000. With 4 per cent health and education cess, payable tax isRead the answer and worked solution →Which Chapter VI-A deductions survive under section 115BAC?Read the answer and worked solution →Under 115BAC, which exemption is denied?Read the answer and worked solution →Leave travel concession exemption, section 10(5), under 115BAC isRead the answer and worked solution →Interest on a self-occupied house loan, section 24(b), under 115BACRead the answer and worked solution →Which depreciation claim is denied under 115BAC?Read the answer and worked solution →Which deduction for additional employee cost is kept under 115BAC?Read the answer and worked solution →Under 115BAC, a house property loss can beRead the answer and worked solution →

Worked practice questions

Who may opt for the concessional slab regime of section 115BAC?

  1. Companies and firms only
  2. Individuals and HUFs
  3. Only salaried employees
  4. Resident seniors only
Show answer and solution

Correct answer: B. Individuals and HUFs

Section 115BAC(1) is addressed to a person who is an individual or a Hindu undivided family.

Open this question →

Section 115BAC as inserted applies from which assessment year?

  1. AY 2019-20
  2. AY 2020-21
  3. AY 2021-22
  4. AY 2022-23
Show answer and solution

Correct answer: C. AY 2021-22

The section covers assessment years beginning on or after 1 April 2021, so AY 2021-22 is the first.

Open this question →

How is the section 115BAC tax computation brought into play?

  1. At the option of the taxpayer
  2. Compulsorily for all individuals
  3. On the assessing officer's order
  4. Only if income exceeds Rs 15 lakh
Show answer and solution

Correct answer: A. At the option of the taxpayer

The section says tax is computed at its rates at the option of the individual or HUF, so it is voluntary.

Open this question →

How to practise

  1. Choose a Income Tax: Computation under Alternative Tax Regimes question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

More Taxation topics

GST Time, Value, Place of Supply and Input Tax CreditAggregation of Income, Set Off of Losses and DeductionsAdvance Tax, TDS and TCSProfits and Gains of Business or ProfessionIncome-tax Basic ConceptsSalariesResidence and Scope of Total IncomeIncome from House Property