Question
Rajiv earns an annual income of ₹13 lakh. Under the
new tax regime for FY 2024-25, what tax slab applies to him?Solution
As per the new tax regime for FY 2024-25, an individual earning between ₹12 lakh and ₹15 lakh is taxed at 20%. Rajiv's income of ₹13 lakh falls within this range.
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