The income-tax payable in respect of the total income of an individual or an HUF may be computed at the option of the assessee at a rate u/s 115BAC for any previous year relevant to the AY 2021-22 or after. The tax rate applicable on income from ₹50,001 to ₹10,00,000 is:
A. 5%
B. 10%
C. 15%
D. 20%
Answer:C
The income-tax payable in respect of the total income of an individual or an HUF may be computed at the option of the assessee at a rate u/s 115BAC for any previous year relevant to the AY 2021-22 or after. The tax rate applicable on income from ₹50,001 to ₹10,00,000 is:
A. 5% B. 10% C. 15% D. 20%