If Mrs. Joshi (age 65) has taxable income Rs. $4,50,000$, her tax (before cess, old regime) is

If Mrs. Joshi (age 65) has taxable income Rs. $4,50,000$, her tax (before cess, old regime) is
  1. Rs. $7,500$
  2. Rs. $10,000$
  3. Rs. $5,000$
  4. Nil

Solution

Senior citizen exemption Rs. $3L$. $5\%$ of $1{,}50{,}000 = 7{,}500$.

Asked in: MH-SSC-9

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