What will be the income tax payable by a person getting a taxable income of Rs. 30,000 during the year if the first Rs. 18000 is not taxable and the tax rates arc 25% of the next Rs. 25000 ? Choose the correct option.
A) Rs. 3000  B) Rs. 3250  C) Rs. 3500  D) Rs. 3750  E) None of these
T.I.=30,000, N.T.I.=18000   Taxable 12000, Income Tax = 25% of Taxable Income   = 1/4 ×: 12000 = RS.3000   Rs. 3000nswer: Rs. 3000.
<result>A</result>
What will be the income tax payable by a person getting a taxable income of Rs. 30,000 during the year if the first Rs. 18000 is not taxable and the tax rates arc 25% of the next Rs. 25000 ?