1.

Jogen’s taxable income for 2010-11 is Rupees 5, 00,000. The tax rates are (i) nil for first 1, 50,000, (ii)10% for 1, 50,001—3, 00,000, and (iii) 20% for the remaining. His Tax liability is:

A. Rs 45000
B. Rs 50000
C. Rs 55000
D. Rs 60000
Answer» D. Rs 60000


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