Mr. Kulkarni ( age 36 years) has taxable income Rs 3,37,000. Will he have to pay income tax?
Why?
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Step-by-step explanation:
(ii) Mr.Kulkarni is of age 36 years and his taxable income is Rs 3,27,000.
So, his taxable income falls in the slab of 2,50,001 to 5,00,000.
Thus, he needs to pay the income tax.
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