For taxable income Rs. $6,00,000$ (old regime), tax (before cess) is

For taxable income Rs. $6,00,000$ (old regime), tax (before cess) is
  1. Rs. $32,500$
  2. Rs. $12,500$
  3. Rs. $30,000$
  4. Rs. $40,000$

Solution

$5\%$ of $2.5L = 12{,}500$. $20\%$ of $1L = 20{,}000$. Total $= 32{,}500$.

Asked in: MH-SSC-9

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