Mr. Ajay is 36 years old. His taxable income is Rs, 2,40,000. Will he have to pay income tax or not ?

Answer

To determine whether Mr. Ajay has to pay income tax or not, we can follow these steps:

### Step 1: Identify Mr. Ajay's Age
- Mr. Ajay is 36 years old.

### Step 2: Understand the Tax Exemption Limit
- According to the income tax rules, individuals below the age of 60 have a tax exemption limit of Rs. 2,50,000.

### Step 3: Compare Taxable Income with Exemption Limit
- Mr. Ajay's taxable income is Rs. 2,40,000.
- The exemption limit for individuals below 60 is Rs. 2,50,000.

### Step 4: Determine Tax Liability
- Since Mr. Ajay's taxable income (Rs. 2,40,000) is less than the exemption limit (Rs. 2,50,000), he will not have to pay any income tax.

### Conclusion
- Mr. Ajay does not have to pay income tax.

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