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Since 2014, India's income tax rates have seen several adjustments. For individual taxpayers, the basic tax rates for the financial year 2021-22 (assessment year 2022-23) were structured in slabs: 5% for income between ₹2.5 lakh and ₹5 lakh, 20% for income between ₹5 lakh and ₹10 lakh, and 30% for income exceeding ₹10 lakh. Additionally, a new optional tax regime introduced in 2020 allows taxpayers to pay a lower tax rate without certain deductions. It's important to check the specific financial year for any changes or updates to these rates.
There are 5.
There are 5 zeros in 15 lakh.
in the beginning it may vary from 3 to 5 lakh per annum i.e per year. later after thorough knowlege from experince it may reach upto 10 to 15 lakh rs per annum
1 lakh = 100000 Hence number of hundreds in it is 100000/100 = 1000
5
Whether it is "one lakh", "two lakh" or "fifty lakh", the word is written in singular and not in plural. Please note that the word "lakh" takes the singular form but the word following "lakh" takes the plural form. You can say " two lakh rupees" or " five lakh tonnes" but not " two lakhs rupees" or "five lakhs tonnes". This is on the analogy of the words " million" and "billion". For example, we say " 5 million" or " 5 billion dollars" but not "5 millions" / " 5 billions dollars". However, in a table of figures, you can say " in lakhs of rupees" and not " in lakh of rupees".
RS 2 LAKH to RS 5 LAKH
In the Indian numbering system, 20 lakh is equal to 2 million. This translates to 20,00,000, which contains 5 zeroes. Therefore, there are 5 zeroes in 20 lakh.
5
ther are 5 zeros in one lakh
One Lakh is equal to one hundred thousand (100,000). There are five zeros in 1 lakh. Three lakh is therefore three hundred thousand (300,000). There are therefore still 5 zeros in 3 lakh.