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#1 2015-06-01 09:13:58
Exemption Threshold:
Question:
Under the direct tax code(DTC), bill that replaces the Income Tax Act 1961 seeks an increase in exemption threshold of individuals from Rs.1.6 lakh currently to:
Option A):
2.5 Lakh
Option B):
3 Lakh
Option C):
2 Lakh
Option D):
1.8 Lakh
Correct Answer is Option C):
2 Lakh
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2015-06-01 09:13:58
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