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Question
Compute the income tax payable by following individual.
Miss Varsha (Age 26 years) has a taxable income of Rs. 2,30,000.
Solution
Taxable income = Rs 2,30,000 age = 26 years
The yearly income of Miss Varsha is less than Rs 2,50,000.
Hence, Miss Varsha will not have to pay income tax.
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