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38 votes
2) How much tax should be paid by a person having annual income RS 240.000?​

User Azalut
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1 Answer

4 votes
4 votes

Answer:

What is the Existing / Old tax regime?

Income Range Tax rate Tax to be paid

Up to Rs.2,50,000 0 No tax

Between Rs 2.5 lakhs and Rs 5 lakhs 5% 5% of your taxable income

Between Rs 5 lakhs and Rs 10 lakhs 20% Rs 12,500+ 20% of income above Rs 5 lakhs

Above 10 lakhs 30% Rs 1,12,500+ 30% of income above Rs 10 lakhs

User John Ohara
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