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Railways PYQCBT 1 2016

RRB NTPC · Question 61

What is the present Personal Income Tax exemption limit for male individuals below 60 years of age & HUF (FY2015-16)? A. Rs. 2.5 lakhs B. Rs. 3 lakhs C. Rs. 1.5 lakhs D. Rs. 4 lakhs

  1. B

  2. C

  3. A

  4. D

Show answer & explanation

Answer: (C) A

Explanation

For FY 2015–16, the basic income tax exemption limit for individuals below 60 and for HUFs was Rs 2.5 lakh. Senior citizens (60–80) had Rs 3 lakh and very senior citizens Rs 5 lakh.