Tax regime

the limit of claim of deduction u/s 80C in New Tax Regime is

• 1,50,000/-

• 2,00,000/-

• 2,25,000/-

• NIL

At what Rate is the Cess calculated on the computed tax

• 3%

• 4%

• 5%

• 2%

who is categorised as Super Senior Citizen for income tax purposes

• More than 60

• More than 75

• More than 80

• Less than 100

Deductions/ Exemptions not allowable under NEW TAX REGIME are ------

• HRA

• 80C

• 80D

• All of the above

the tax rate of 30% is applicable on total income of Rs.----- under the New Tax Regime

• above Rs.10 lac

• above Rs.12.5 lacs

• above Rs.15 lacs

• above Rs.20 lacs

the maximum rate of surcharge on income tax has been reduced to -- , for the f.y. 23-24 in the latest budget 2023

• 15%

• 20%

• 25%

• 35%

what is the full form of AOP

• Association of Parties

• Association of People

• Association of Persons

• None of the above

which of the following income is not taxed in india in the case of Non-Residents

• Income accruing outside India from a business controlled from India or from a profession set up in India

• ncome other than above (i.e., income which has no relation with India)

  I

• Both A & B

• None of the above

which section of the I.T.Act deals with the Residential status of an assessee

• Section 5

• Section 6

• Section 7

• Section 8

A Salaried employee can shift between New Tax regime and Old Tax regime --- number of times

• once in the entire life time

• maximum 2 times

• any number of times at the time of filing ITR

• only A