Question

Consider the following statement:

I. Highest surcharge rate on income above 5 crore to be reduced from 37% to 30% under new regime

II. Extending benefits of standard deduction to new tax regime for salaried class and pensioners

III. Increasing tax exemption limit to 25 lakh on leave encashment on retirement for non-government salaried employees

Which of the above statement is/are not correct?

A I only Correct Answer Incorrect Answer
B II and III only Correct Answer Incorrect Answer
C III only Correct Answer Incorrect Answer
D I, II and III Correct Answer Incorrect Answer
E II only Correct Answer Incorrect Answer

Solution

Highest surcharge rate on income above 5 crore to be reduced from 37% to 25% under new regime

Practice Next
×
×