Question

Income Tax is charged in​

Answer 1

Step-by-step explanation:

Currently, there is zero per cent tax on taxable income up to Rs 2,50,000, 5 per cent tax is levied on taxable income between Rs 2.5 lakh and Rs 5 lakh, 20 per cent tax is levied on taxable income between Rs 5 lakh to Rs 10 lakh. For taxable income above Rs 10 lakh, 30 per cent is the applicable rate.

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