Q. 13.9( 26 Votes )

Observe the table given below. Check and decide, whether the individuals have to pay income tax.

Answer :

The tax rates for a year budget are shown below are given in the three tables:

Table I

Table II

Table III

i) No,

According to 1st table because Annual Income is less than 2.5lacs.

Hence, she is not eligible for paying the income tax.

ii) Yes, because Mr. Kulkarni’s salary lies between 2.5 l to 5 l. Hence, he is eligible for paying tax.

iii)Yes, because the income is greater than 2.5 l (from table I)

iv)Yes, because the income is greater than 2.5 l.

v)No, because (table 3)

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