Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

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

Options:

10%

20%

2.5%

5%

Correct Answer:

5%