Multiple Choice Questions on How much tax has the government announced to impose on income of Rs 3 to 7 lakh in the new tax regim........... for HARCO Bank Exam Preparation

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Multiple Choice Questions

How much tax has the government announced to impose on income of Rs 3 to 7 lakh in the new tax regim...........

Current GK (HARCO) Indian Economy
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    How much tax has the government announced to impose on income of Rs 3 to 7 lakh in the new tax regime?

    10 percent

    Incorrect Answer

    9 percent

    Incorrect Answer

    5 percent

    Correct Answer

    12 percent

    Incorrect Answer
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    Explanation:

    New tax rate as per Budget 2024 are as follows:

    0-3 lakh: Zero tax
    3-7 lakh: 5 per cent
    7-10 lakh: 10 per cent
    10-12 lakh: 15 per cent
    2-15 lakh: 20 per cent
    15 lakh & above: 30 per cent

    By: Brijesh Kumar
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