Question

Compute the income tax payable by following individuals. Mr. Khan is 65 years of age and his taxable income is Rs. 4,50,000.

Answer 1

450000*5 ÷100

22,500

Answer 2

Answer:7500

Step-by-step explanation:

According to 2nd table:

3,00,001- 5,00,000= 5% of tax

Income tax of mr khan = (4,05,000-3,00,000)×5÷100

Rs 7500

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