Question : Which tax slab is applied in India if an Individual taxpayer’s annual taxable income is more than INR 15 lakh?
Option 1: 20%
Option 2: 30%
Option 3: 10%
Option 4: 40%
Recommended : Get important details about BEL First Grade College, Bangalore.
Download Brochure
Answer (1)
22nd Jan, 2024
Correct Answer: 30%
Solution : The correct answer is 30%.
The Income tax is a direct tax. The new tax regime provides a progressive tax structure where higher income levels are subject to higher tax rates. The highest tax rate for income more than 15 lakh is 30%.
Comments (0)
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Get Updates Brochure
Thank You!
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
Trending Articles/News
