BMSAT Kozhikode - Suppose the tax rules allow a person to either pay 20% of their total annual income as income tax, or pay 25% after claiming a deduction of Rs 2 lakh from the total annual income. What is the lowest annual income above which the former regime is attractive to the taxpayer? | PYQs + Solutions

BMSAT Kozhikode

Arithmetic

Medium

Rs 8 lakh

Rs 10 lakh

Rs 12 lakh

Rs 6 lakh

✅ Correct Option: 2

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