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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%


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Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 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%.

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