हिंदी

Jogen'S Taxable Income for 2010-11 is Rs. 5,00,000. the Tax Rates Are (I) Nil for First 1,50,000, (Ii) 10% for 150,001-3,00,000, and (Iii) 20% for the Remaining. His Tax Liability Is: -

प्रश्न

Solve the following question and mark the best possible option.
Jogen's taxable income for 2010-11 is Rs. 5,00,000. The tax rates are (i) nil for first 1,50,000, (ii) 10% for 150,001-3,00,000, and (iii) 20% for the remaining. His Tax liability is:

विकल्प

₹45000
₹50000
₹55000
₹60000

MCQ

उत्तर

55000

Explanation:

Tax :0 - 1,50,000 = Rs. 0
1,50,001 - 3,00,000 = 10% of 150000 = Rs. 15000
3,00,001 - 5,00,000 = 20% of 200000 = Rs. 40000
Therefore, net tax = 15000 + 40000 = Rs. 55000/-

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