Sam has an income of 9 lakh per annum Which tax slab new regime of India is applicable to him ........

General Studies (MTS) Indian Economy

Sam has an income of ?9 lakh per annum. Which tax slab (new regime) of India is applicable to him?

This questions was previously asked in

SSC MTS 7th July 2022 Shift-3

15%

10%

20%

- In the new tax regime applicable from April 1, 2023, different tax rates are outlined based on income slabs.

- For an income of ?9 lakh per annum:

- Income up to ?2.5 lakh: No tax

- Income from ?2.5 lakh to ?5 lakh: 5%

- Income from ?5 lakh to ?7.5 lakh: 10%

- Income from ?7.5 lakh to ?10 lakh: 15%

- Thus, for an income of ?9 lakh, the applicable tax rate is 15%.

Correct Answer: Option 1 - 15%

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