02/02/2023
Q. If the slabs are taxing income from 3L-6L@ 5%,
Then how ZERO tax on income of 7L?
Ans. If you earn upto 7L, no tax
If you earn ₹7.5L, then tax is:
A. ₹0 on ₹0-3L: 0%
B. ₹15,000 on ₹3-6L: 5%
C. ₹15,000 (₹7.5L-6L) on ₹6-9L: 10%
A+B+C=₹30,000+Sur+Cess