Discussion
How many tax slabs have been proposed in the new alternative scheme of Income tax announced in Union Budget 2020-21 ?
Answer: C
The new scheme proposed 7 slabs.
The optional new tax regime announced in the Union Budget 2020-21 had these rates on income: up to Rs 2.5 lakh, nil; Rs 2.5-5 lakh, 5%; Rs 5-7.5 lakh, 10%; Rs 7.5-10 lakh, 15%; Rs 10-12.5 lakh, 20%; Rs 12.5-15 lakh, 25%; and above Rs 15 lakh, 30%.
Counting the nil band, that makes seven slabs. Answering 6 counts only the slabs that carry tax, and 5 and 8 match no version of the scheme.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development