Symbiosis National Aptitude Test SNAP 2012 Paper
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Question : 2 of 150
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A country follows a progressive taxation system under which the income tax rates applicable varies for different slabs of income. Total tax is computed by calculating the tax for each slab and adding them up. The rates applicable are as follows :
If my income is ₹ 1,70,000, then what is the tax payable by me?
| Annual income | Tax rate | ||
|---|---|---|---|
| 0 | - | 50,000 | 0% |
| 50,001 | - | 60,000 | 10% |
| 60,001 | - | 1,50,000 | 20% |
| > | 1,50,000 | 30% | |
If my income is ₹ 1,70,000, then what is the tax payable by me?
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