Compute AY 2021-22 section 115BAC tax (no cess) for total income of Rs 6 lakh.
ARs 22,500
BRs 30,000
CRs 25,000
DRs 17,500
Answer & Solution
Correct answer: A. Rs 22,500
Rs 12,500 on the 5 per cent band plus Rs 10,000 on the next Rs 1 lakh at 10 per cent gives Rs 22,500.
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