Question

Please calculate the income tax paid by Mr. A. CTC of Mr. A is 20 LPA. Income tax slab decided by govt are 0-5L – 0%, 5-7L – 10%, 7-10L – 20%, 10L-15L – 30%, 15L and above 40%. (Assuming Mr. A made no investment to save taxes)

Answer 1

80% is the correct answer