Chapter 6 Financial Planning Practice Set 6.2
Question 1.Observe the table given below. Check and decide, whether the individuals have to pay income tax. Solution:i. Miss Nikita’s age = 27 years < 60 yearsMiss Nikita’s income = ₹ 2,34,000Miss Nikita’s income is below the basicexemption limit of ₹ 2,50,000.∴ Miss Nikita will not have to pay income tax. ii. Mr. Kulkarni’s age … Read more