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Commerce · Q188

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 188

Q188

What will be the amount of statutory deduction on income from salary of a person whose salary income exceeds Rs. 3,00,000 for the assessment year 2006-07?

A.
Rs. 20,000
B.
Rs. 2,500
C.
Rs. 30,000
D.
Zero
Answer

Answer: Option D

Solution

Answer: Option D
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