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What Will Be The Income Tax Payable By A Person Getting A Taxable Income Of Rs. 30,000 During The Year If The First Rs. 18000 Is Not Taxable And The Tax Rates Are 25% Of The Next Rs. 12000 ? |
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Answer» T.I.=30,000, N.T.I.=18000 TAXABLE 12000, INCOME TAX = 25% of Taxable Income = 1/4 ×: 12000 = RS.3000 T.I.=30,000, N.T.I.=18000 Taxable 12000, Income Tax = 25% of Taxable Income = 1/4 ×: 12000 = RS.3000 |
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