For tax year 2026-27, under the new tax regime of the Income-tax Act, 2025, what marginal rate applies…
The marginal slab rate is 20% for income above ₹16 lakh and up to ₹20 lakh under section 202 of the Income-tax Act, 2025. This rate applies to the portion of income within…
Choose your answer
For tax year 2026-27, under the new tax regime of the Income-tax Act, 2025, what marginal rate applies to an individual's income in the slab above ₹16 lakh and up to ₹20 lakh, excluding surcharge and cess?
Answer and explanation
Correct answer B
The marginal slab rate is 20% for income above ₹16 lakh and up to ₹20 lakh under section 202 of the Income-tax Act, 2025. This rate applies to the portion of income within that slab, rather than to the entire income.
Practice for these exams
-
Gujarat SET (GSET)