Mrs. Rose derives ₹ 5,40,000 by way of income from sale of coffee grown and manufactured in India. The income charge-able to income tax would be –
A. 50%, i.e. ₹ 2,70,000
B. 25%, i.e. ₹ 1,35,000
C. 40%, i.e. ₹ 2,16,000
D. 60%, i.e. X3,24,000
Answer:B
Mrs. Rose derives ₹ 5,40,000 by way of income from sale of coffee grown and manufactured in India. The income charge-able to income tax would be –
A. 50%, i.e. ₹ 2,70,000 B. 25%, i.e. ₹ 1,35,000 C. 40%, i.e. ₹ 2,16,000 D. 60%, i.e. X3,24,000