Contribution paid to the Board by every committee is as follows:
Consider the above data and choose the correct answer from the options given below.
A
(i) is correct
B
(ii) is correct
C
(iii) is correct
D
Data is inadequate
Correct Option:
A
Explanation
The statutory contribution structure is slab-based: 20% on the first ₹20 lakh, 40% on the next ₹20 lakh and 50% on the remaining income. Thus the first slab shown in statement (i) is correct. The later rows in the printed table misleadingly present the rates as if they apply to the entire income rather than the relevant slab.
