alleryStart learning →Slab tax before cess is Rs 75,000. With 4 per cent health and education cess, payable tax is
ARs 78,000
BRs 79,000
CRs 76,500
DRs 75,400
Answer & Solution
Correct answer: A. Rs 78,000
Cess of 4 per cent on Rs 75,000 is Rs 3,000, so the total is Rs 78,000.
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?