alleryStart learning →What tax before cess does Rs 11 lakh produce under the AY 2021-22 115BAC rates?
ARs 90,000
BRs 1,00,000
CRs 95,000
DRs 85,000
Answer & Solution
Correct answer: C. Rs 95,000
Rs 75,000 on the first Rs 10 lakh plus 20 per cent of Rs 1 lakh (Rs 20,000) gives Rs 95,000.
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?