alleryStart learning →On total income of only Rs 3 lakh, how much tax arises under original 115BAC rates?
ARs 2,500
BRs 5,000
CRs 1,250
DRs 7,500
Answer & Solution
Correct answer: A. Rs 2,500
Only Rs 50,000 exceeds the nil limit, and 5 per cent of that is Rs 2,500.
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