alleryStart learning →Under the original 115BAC slabs, what is the pre-cess tax for Rs 12 lakh income?
ARs 1,00,000
BRs 1,25,000
CRs 1,15,000
DRs 1,05,000
Answer & Solution
Correct answer: C. Rs 1,15,000
Rs 75,000 up to Rs 10 lakh plus 20 per cent of Rs 2 lakh (Rs 40,000) gives Rs 1,15,000.
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