Question

Q2A) COMPLETE THE ACTIVITY
4
TABLE NO 1
Individuals (up to the age of 60 years)
Secondary
Higher
Dos
1% of Inca
Education
Taxable Income slabs
Income Tax
(In Rupees)
CCSS
Up to 2.50.000
NII
Nil
3%
2% of
2.50,001 to 5.00.000 (On taxable income minus two lakh
Income tax
fifty thousand)
5.00.001 to 10,00,000
2 12.500 + 20%
2% of 1% of income
(On taxable income minus five lakh) Income tax
More than 10,00.000
21.12,500 + 30%
2% of 1% of income
(On taxable income minus ten lakh) Income tax
(Surcharge equal to 10% of income tax payable by individuals having an annual income
of 50 lakh to one crore rupees and 15% of income tax by individuals having an
income greater that one crore rupees)
Use Table I given above and write the appropriate amount/figure in the boxes for the
example given below.
Mr. Mehta's annual income is 34,50,000
i. If he does not have any savings by which he can claim deductions from his income, to
which slab does his taxable income belong?
ii, What is the amount on which he will have to pay income tax ?
₹​

Answer 1

Answer:

I did not understand so sorry

Step-by-step explanation:

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