Question : What is the rate of income tax (new regime) payable for the financial year 2021-2022 by an individual who is under 60 years of age and has a net income of less than INR 5 lakhs but more than INR 2.5 lakhs?

Option 1: 10%

Option 2: 20%

Option 3: 2.5%

Option 4: 5%

Question : Sam has an income of 9 lakh rupees yearly. Which tax slab (new regime) of India is applicable for him as per the new regime Income Tax Slab Rates FY 2021-22?

Option 1: 15%

Option 2: 20%

Option 3: 5%

Option 4: 10%

Question : In a bag, the number of INR 5 coins is 8 more than the number of INR 10 coins but 20% less than the number of INR 2 coins. If the total amount in the bag is INR 270, what is the number of INR 5 coins?

Option 1: 15

Option 2: 20

Option 3: 25

Option 4: 18

Question : Which tax slab is applied in India if an Individual taxpayer’s annual taxable income is more than INR 15 lakh?

Option 1: 20%

Option 2: 30%

Option 3: 10%

Option 4: 40%

Question : Vikas has an income of INR 2.5 lakhs. Which of the following tax slabs of India applies to him?

Option 1: 0.2

Option 2: 0.1

Option 3: 0.05

Option 4: Nil

Question : If the income of R is 30% more than the income of Q and the income of Q is 20% more than the income of P, then the income of R is how much percent more than the income of P?

Option 1: 50%

Option 2: 10%

Option 3: 56%

Option 4: 55%