Meera's total income is Rs 15 lakh. What tax before cess do the 115BAC slabs give?
ARs 1,87,500
BRs 2,00,000
CRs 1,75,000
DRs 2,25,000
Answer & Solution
Correct answer: A. Rs 1,87,500
Rs 75,000 plus Rs 50,000 on the 20 per cent band plus Rs 62,500 on the 25 per cent band totals Rs 1,87,500.
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