Question : Sam has an income of 9 lakh rupees yearly. Which tax slab (new regime) of India is applicable for him as per the new regime Income Tax Slab Rates FY 2021-22?
Option 1: 15%
Option 2: 20%
Option 3: 5%
Option 4: 10%
Correct Answer: 15%
Solution : The correct answer is 15%.
If Sam has an income of 9 lakh Rs yearly, then a 15% tax will be applicable for him as per the new regime Income Tax Slab Rates FY 2021-22. According to the Tax Slab Rates FY 2021-22, if someone has income between Rs 6 to 9 lakh, then he will have to pay 10% income tax, and if someone has income between rupees 9 to 12 lakh, then he will have to pay 15% income tax.
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