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Anil opts for 115BAC and has total income of Rs 4,00,000 in AY 2021-22. Tax before cess?

ARs 20,000
BRs 15,000
CRs 7,500
DRs 10,000
Answer & Solution
Correct answer: C. Rs 7,500
Rs 1,50,000 above the nil limit at 5 per cent gives Rs 7,500.
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