Question

In the Financial Year 2026-27, the maximum total income for which tax liability for individual tax payers is NIL is

• A. Rs. 10 Lakhs
• B. Rs. 15 Lakhs
• C. Rs. 14 Lakhs
• D. Rs. 12 Lakhs

Hint:

FY 2026–27 → Income up to Rs. 12 lakhs → Nil tax liability.

Answer 1

The Correct Option is D

Concept: Indian income tax structure. Explanation: As per the revised tax regime applicable for the Financial Year 2026–27, individuals with total income up to Rs. 12 lakhs have nil tax liability due to rebate provisions under the Income Tax Act.