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26. For computation for Income tax liability for individual, the Education Cess is_________.
3%
4%
2.5%
2%
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27. The rate of tax for the financial year 2016-17 for the foreign companies is________.
45%
30%
40% flat
None of the above
28. Which of the following are true regarding taxing the rich?
Additional 10% tax on dividends in excess of ` 10 lakh per annum
Surcharge on persons decreased to 12% from 15%
TDS at 1% on the purchase of luxury cars exceeding the value of ` 10 lakh
All of the above
29. The Secondary and Education Cess on the computation of Income Tax for 2016-17 is________.
1% of Income Tax
2% of Income Tax
0.5% of Income Tax
30. The surcharge is levied at the rate ___________if the income exceeds ` 1 crore of the financial year 2016-17.
10%
12%
15%
20%
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