alleryStart learning →Income rises from Rs 15 lakh to Rs 16 lakh under AY 2021-22 115BAC slabs. Extra tax before cess?
ARs 25,000
BRs 20,000
CRs 35,000
DRs 30,000
Answer & Solution
Correct answer: D. Rs 30,000
The extra Rs 1 lakh falls wholly in the above Rs 15 lakh band taxed at 30 per cent.
Keep practising Income Tax: Computation under Alternative Tax Regimes
Browse all Income Tax: Computation under Alternative Tax Regimes questions for CA Inter, or explore more Taxation topics.
Related questions
Donations to charity qualify for deduction under which section?Which section allows a deduction for health insurance premium?Interest paid on a student loan is deductible under which section?Which section provides for best judgement assessment?Which section covers scrutiny assessment?The penalty for concealment under section 271(1)(c) ranges overWhat share of tax is the 270A penalty when income is merely under-reported?Misreporting of income under 270A draws a penalty equal to what share of tax?