TS ICET 2017 Question Paper with Solutions for online practice

Question : 91 of 200

Marks: +1, -0

The rate of income tax is reduced to

12 1/2

% from 16%. If a person’s taxable income is ₹ 2,40.000, then the tax benefit (in ₹) is

Solution:

16%-12{1/2}%=3{1/2}%=7/2%

7/2%

₹2,40,000=7/2×2400=₹8400

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