Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/10
Score 0
What is the minimum taxable income exempt from tax under the New Tax Regime for FY 2023-24 (AY 2024-25)?
30
Rs. 3 lakh
Rs. 2.5 lakh
No minimum exemption
Rs. 5 lakh
Q 2/10
Score 0
Up to what income slab is the tax rate 5% under the New Tax Regime for FY 2023-24 (AY 2024-25)?
30
Rs. 7 lakh
Rs. 5 lakh
Rs. 6 lakh
Rs. 3 lakh
10 questions
Q.
What is the minimum taxable income exempt from tax under the New Tax Regime for FY 2023-24 (AY 2024-25)?
1
30 sec
Q.
Up to what income slab is the tax rate 5% under the New Tax Regime for FY 2023-24 (AY 2024-25)?
2
30 sec
Q.
In which tax regime did the government NOT propose any changes to the basic exemption limit in the Union Budget 2023?
3
30 sec
Q.
For senior citizens (60-80 years old) under the Old Tax Regime for FY 2023-24 (AY 2024-25), what is the maximum income limit to avail tax rebate under Section 87A?
4
30 sec
Q.
What is the highest surcharge rate applicable on income exceeding Rs. 15 lakh under the New Tax Regime for FY 2023-24 (AY 2024-25)?
5
30 sec
Q.
Which of the following statements is TRUE about the tax slabs for FY 2023-24 (AY 2024-25)?
6
30 sec
Q.
If a taxpayer's income falls under the Rs. 6 lakh to Rs. 9 lakh slab under the Old Tax Regime for FY 2023-24 (AY 2024-25), what is the applicable tax rate?
7
30 sec
Q.
What is the advantage of opting for the New Tax Regime for FY 2023-24 (AY 2024-25)?
8
30 sec
Q.
As of April 2024, which tax regime is the default option for individual taxpayers?
9
30 sec
Q.
What is NOT a factor determining the tax liability under the Income Tax Slabs for FY 2023-24 (AY 2024-25)?
