Question
Mr. A (age 35) has a total income of ₹14,00,000. What
is his tax liability for A.Y. 2024-25? (Assume no deductions)Solution
As per the old tax regime slabs for A.Y. 2024-25: • Up to ₹2,50,000: Nil • ₹2,50,001 to ₹5,00,000: 5% of (₹5,00,000 - ₹2,50,000) = ₹12,500 • ₹5,00,001 to ₹10,00,000: 20% of (₹10,00,000 - ₹5,00,000) = ₹1,00,000 • Above ₹10,00,000: 30% of (₹14,00,000 - ₹10,00,000) = ₹1,20,000 Total Tax = ₹12,500 + ₹1,00,000 + ₹1,20,000 = ₹2,32,500. Add Health & Education Cess @ 4%: ₹2,32,500 * 0.04 = ₹9,300. Total Tax Liability = ₹2,32,500 + ₹9,300 = ₹2,41,800 ≈ ₹2,42,000. The closest option is d) ₹2,40,000. (A slight variation may exist due to rounding or exact cess calculation).
Which of the following statement is true?
Whose income is the second highest?
What is the position of E with respect to F?
What is the position of O with respect to W?
In which of the following statement, the first and second persons are sitting opposite to each other in the final arrangement?
I) PW
...
Four from the following five are related in a certain way and hence form a group. Find the one who doesn’t belong to that group.
Who sits diagonally opposite to G?
How many persons are seated in a table (Including unknown persons)?
Which of the following can be the correct conclusion drawn from the impression B + C @ D + E $ F % G?
How many persons sit between D and C?
