Global Web Forum

husnain

Administrator

From: Chichawatni,Pakistan

Registered: 2014-10-03

Posts: 8,129

Website

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

---

You cannot discover the new oceans unless you have the courage to lose the sight of the shore.