Multiple Choice Questions and Answers on Income Tax Rate & Basic Concept of Income Tax

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Questions
1 The income-tax payable by a Non Resident Individual (aged 30 years) for AY 2019-20 if his total income s Rs. ` 2,75,500 will be:
A Rs.` 1,326
B Rs.` 566
C Rs.` 570
D Rs.` 2,626

Answer:Rs.` 1,326
2 The income-tax payable by a Resident Individual (aged 30 years) for AY 2019-20 if his total income is Rs.` 5,00,000 will be:
A Rs.` 20,600
B Rs.` 25,750
C Rs.` 33,990
D Rs. ‘ 13,000

Answer:Rs. ‘ 13,000
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3 The income-tax payable by a Resident Individual (aged 30 years) for AY 2019-20 if his total. income is Rs.` 6,00,000 will be:
A Rs.` 46,350
B Rs.` 44,290
C Rs.` 45,000
D Rs.` 33,475

Answer:Rs.` 33,475
4 The income-tax payable by a Resident Individual (aged 30 years) for AY 2019-20 if his total income is Rs. ` 16,00,000 will be:
A Rs.` 3,14,150
B Rs.` 3,19,000
C Rs.` 3,04,200
D Rs.` 2,626

Answer:Rs.` 3,04,200
5 The income-tax payable by a Non Resident Individual (aged 62 years) for AY 2019-20 if his total income is Rs. ` 2,90,000 will be:
A Rs.2,080
B Rs.`2,060
C Rs.` 4,120
D Rs.` 4,000

Answer:Rs.2,080
6 The income-tax payable by a Resident Individual (aged 62 years) for AY 2019-20 if his total income is Rs.` 3,00,000 will be :
A Nil
B Rs.`2,060
C Rs.` 4,120
D Rs.` 4,000

Answer:Nil
7 The income-tax payable by a Resident Individual (aged 62 years) for AY 2019-20 if his total income is Rs.` 3,50,000 will be:
A Rs.` 2,060
B Rs.` 1,030
C Rs.` 4,120
D Nil

Answer:Nil
8 The income-tax payable by a Resident Individual (aged 62 years) for AY 2019-20 if his total income is Rs.` 3,60,000 will be:
A Rs.` 1,030
B Rs.` 6,180
C Rs.` 8,240
D Rs. ` 3,120

Answer:Rs. ` 3,120
9 The income-tax payable by a Resident Individual (aged 80 years) for AY 2019-20 if his total income is Rs.` 5,00,000 will be:
A Nil
B Rs.` 1,030
C Rs.` 8,240
D Rs.` 6,180

Answer:Nil
10 The income-tax payable by a Resident Individual (aged 80 years) for AY 2019-20 if his total income is Rs.` 5,10,000 will be:
A Rs.2,080
B Rs.` 2,060
C Rs.`1,030
D Rs.` 6,180

Answer:Rs.2,080

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