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

Question

Philoid · Accepted 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 1^st 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)