Where taxable income exceeds Rs. 8,000,000 but does not exceeds Rs. 12,000,000: the tax rate is

A. Rs. 1,145,000 plus 25% of the amount exceeding Rs. 8,000,000

B. Rs. 1,245,000 plus 25% of the amount exceeding Rs. 8,000,000

C. Rs. 1,345,000 plus 25% of the amount exceeding Rs. 8,000,000

D. Rs. 1,445,000 plus 25% of the amount exceeding Rs. 8,000,000


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