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Asked: 2026-10-11T06:06:21+00:00 In:

Sai’s taxable income is ₹3,80,000 in a financial year. How much income tax does he have to pay according to the above tax slabs?

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Under the income tax slab, income up to ₹3,00,000 has zero tax. The remaining ₹80,000 is taxed at 5% (₹4,000). However, full tax rebate under section 87A makes Sai’s net tax liability zero.

Cbse Class 9 Social Science Part 2 Solutions

Class 9 Social Science part 2 chapter 5 question answer

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    1. According to basic tax slabs:

      • ₹0 to ₹3,00,000: Nil tax.
      • ₹3,00,000 to ₹3,80,000 (taxable ₹80,000): Taxed at 5%, which equals ₹4,000. However, under standard Indian tax provisions (such as the Section 87A tax rebate applicable to lower income slabs), individual taxable incomes within this bracket receive a full rebate. Therefore, Sai pays zero net income tax.

       

      For more NCERT Solutions of Class 9 Social Science Part 2 Chapter 5 Managing Your Personal Finances Question Answer (2026-27)

      https://www.tiwariacademy.com/ncert-solutions/class-9/social-science/part-2-chapter-5/

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