1. A domestic company with a turnover/gross receipt of ₹70 crores is subject to which basic rate of income tax for normal computation, given that its turnover in the previous year (AY 2017-18) was ₹45 crores? (Ignore surcharge and cess.)

2. The maximum marginal tax rate applicable to an individual with a total income of ₹1.5 crore (including surcharge and health & education cess) is:

3. A charitable trust registered under Section 12AA pays ₹50,000 per month as rent to a resident for the entire previous year 2018-19 without deducting TDS. The amount of rental expenditure disallowed would be:

4. What is the lock-in period for capital gain bonds issued by the National Highway Authority of India (NHAI) to qualify for deduction under Section 54EC?

5. What is the applicable TDS rate on payments made to a non-resident sportsman?

6. When a partner contributes a capital asset to a firm, what is considered as the deemed consideration for capital gains computation?

7. Under Section 44AB, when gross professional receipts exceed ₹______ lakhs, an audit is mandatory, and Section 44ADA will not apply.

8. Under Section 80D, what is the maximum deduction available for medical insurance premiums paid for a senior citizen?

9. A senior citizen with a gross total income of ₹5,56,000 has earned ₹8,200 in savings account interest and ₹47,000 in fixed deposit interest from a nationalized bank. What is the deduction allowed from gross total income?

10. Seshan, a retired civil servant, received a monthly pension of ₹60,000 during the previous year 2018-19. After applying the standard deduction, the taxable pension amount is: