Millionaire Mode

Indian Tax Structure

Question 1 of 13

Which of the following is/are correct regarding the proposed Direct Tax Code?

  1. Corporate Tax will remain at 30 percent, but without surcharge and cess.
  2. MAT will be 20 percent of book profit.
  3. Once enacted, the DTC will completely replace the archaic Income Tax Act, 1961.
  1. Only 2
  2. Only 1 and 2
  3. Only 2 and 3
  4. All of the above

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000