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Question : Vikas has an income of INR 2.5 lakhs. Which of the following tax slabs of India applies to him?

Option 1: 0.2

Option 2: 0.1

Option 3: 0.05

Option 4: Nil


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Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Nil


Solution : The correct option is Nil .

Vikas, with an income of INR 2.5 lakhs, falls under the Nil tax slab in India. The current basic exemption limit for taxable income in India is INR 2.5 lakhs for all individuals below 60 . Since Vikas' income doesn't exceed this limit, he does not owe any income tax under the current regulations.

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