Question:medium
The exemption limit for general menaged 50years or less in income tax in the financial year 2010-11 is
The exemption limit for general menaged 50years or less in income tax in the financial year 2010-11 is
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Theexemptionlimitforgeneralmenaged50yearsorlessinincometaxinthefinancial year 2010-11 is
Updated On: Jan 15, 2026
- 1.60 lacs
- 1.50 lacs
- 1.90 lacs
- 2.40 lacs
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The Correct Option is A
Solution and Explanation
The basic income tax exemption for individuals (Men and Women under 65) in the Financial Year 2010-11 (Assessment Year 2011-12) was 1,60,000 (1.60 lacs) (1). Options rejected were: (2) for previous years, (3) for senior citizens (65+), and (4) for very senior citizens (80+).
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