Showing posts with the label Salary Tax Rates for year 2021-2022 McqsShow All

Where taxable income exceeds Rs. 75,000,000: the tax rate is

2/15/2022 09:17:00 pm

A. Rs. 11,420,000 plus 35% of the amount exceeding Rs. 75,000,000 B. Rs. 20,420,000 pl…

Where taxable income exceeds Rs. 50,000,000 but does not exceeds Rs. 75,000,000: the tax rate is

2/15/2022 09:14:00 pm

A. Rs. 11,295,000 plus 32.5% of the amount exceeding Rs. 50,000,000 B. Rs. 12,295,000 …

Where taxable income exceeds Rs. 30,000,000 but does not exceeds Rs. 50,000,000: the tax rate is

2/15/2022 09:11:00 pm

A. Rs. 6,295,000 plus 30% of the amount exceeding Rs. 30,000,000 B. Rs. 7,295,000 plus…

Where taxable income exceeds Rs. 12,000,000 but does not exceeds Rs. 30,000,000: the tax rate is

2/15/2022 08:52:00 pm

A. Rs. 1,345,000 plus 27.5% of the amount exceeding Rs. 12,000,000 B.  Rs. 2,345,000 p…

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

2/15/2022 08:49:00 pm

A. Rs. 1,145,000 plus 25% of the amount exceeding Rs. 8,000,000 B. Rs. 1,245,000 plus …

Where taxable income exceeds Rs. 5,000,000 but does not exceeds Rs. 8,000,000: the tax rate is

2/15/2022 08:45:00 pm

A. Rs. 470,000 plus 22.5% of the amount exceeding Rs. 5,000,000 B. Rs. 570,000 plus 22…

Where taxable income exceeds Rs. 3,500,000 but does not exceed Rs. 5,000,000: the tax rate is

2/15/2022 08:41:00 pm

A. Rs. 370,000 plus 20% of the amount exceeding Rs. 3,500,000 B. Rs. 70,000 plus 20% o…

Where taxable income exceeds Rs.2,500,000 but does not exceed Rs. 3,500,000: the tax rate is

2/15/2022 08:39:00 pm

A. Rs. 95,000 plus 17.5% of the amount exceeding Rs. 2,500,000 B. Rs. 195,000 plus 17.…

Where taxable income exceeds Rs. 1,800,000 but does not exceed Rs. 2,500,000: the tax rate is

2/15/2022 08:35:00 pm

A. Rs. 90,000 plus 15% of the amount exceeding Rs. 1,800,000 B. Rs. 50,000 plus 15% of…

Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 1,800,000: the tax rate is

2/15/2022 08:16:00 pm

A. Rs 10,000  plus 10% of the amount exceeding Rs. 1,200,000 B. Rs. 20,000 plus 5% of …

Where taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000: the tax rate is

2/15/2022 08:00:00 pm

A. 10%  of the amount exceeding Rs. 600,000 B.   5% of the amount exceeding Rs. 600,00…

Tax rates of “Salaried Individual” shall apply if its salary income is _______ %age of his total income:

2/15/2022 07:54:00 pm

(A) 55% (B) 65% (C) 75% (D) 85%

Salary Income Tax is exempt upto

2/15/2022 06:33:00 pm

(A) 400,000 (B) 500,000 (C) 600,000 (D) 700,000