Start learning →

Rs 14 lakh of total income taxed at the original 115BAC rates yields what, before cess?

ARs 1,50,000
BRs 1,62,500
CRs 1,75,000
DRs 1,57,500
Answer & Solution
Correct answer: B. Rs 1,62,500
Rs 1,25,000 up to Rs 12.5 lakh plus 25 per cent of Rs 1,50,000 (Rs 37,500) gives Rs 1,62,500.
Practise this question with Quill — CA Inter →

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.

Start a Income Tax: Computation under Alternative Tax Regimes lesson →
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?