Which of the Following Is Not the Rate of Tax

question 1

Multiple Choice

Which of the following is not the rate of tax slab in the Union Budget 2020-21?

• A)10%
• B)15%
• C)25%
• D)40%

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Definitions:

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an underlying asset at a specified price within a specific time frame.

Premium

The amount paid for a product or service beyond its intrinsic value, often due to insurance, quality, or demand factors.

Profit

The financial gain achieved when the revenues generated from an activity exceed the expenses, costs, and taxes associated with that activity.

Striking Price

The price at which the holder of an option can buy (in case of a call option) or sell (in case of a put option) the underlying security when the option is exercised.