Question

A tax payer pays Rs.2,10,000/- as income tax in a given year. If the rate of tax is nil on the first 2 lakh, 15% on the next 8 lakh and 25% on the rest, then the annual income is

A 15 lakh Correct Answer Incorrect Answer
B 13.6 lakh Correct Answer Incorrect Answer
C 14.8 lakh Correct Answer Incorrect Answer
D 16 lakh Correct Answer Incorrect Answer

Solution

The correct answer is B

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