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Questions and Answers
What is the total income of the individual, as per the given table?
Rs. 1,500,000
What is the tax payable on dividend income?
Rs. 45,000 (15% of Rs. 300,000)
What is the final tax payable by the individual?
Rs. 67,505
What is the characteristic of tax imposed under sections 5 and 7B?
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What is not allowed against income chargeable under final tax regime?
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What is the significance of tax deducted on dividend?
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What is the difference between normal tax regime and final tax regime?
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What is the liability of a person under sections 5 and 7B?
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What is the significance of Zakat in income tax calculation?
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What is the income that is not chargeable under any head of income?
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