5. Fifteen percent of Mr Gupta's salary is deducted as income tax. If he receives 25,50,000 per annum after
deductions, then find Mr Gupta's gross salary.
Answers
Answered by
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Step-by-step explanation:
Mr Gupta gross salary=Rs 3,000,000
Step-by-step explanation:
Let Mr Gupta gross salary=x
Monthly income tax paid by Mr Gupta=15% of monthly salary
When Mr Gupta pays 15% of monthly salary to income tax.Then , he will pay 15 % of annual salary to income tax.
He received money after deduction=Rs 2550000
15 % of annual salary=
100
15
x
Percentage convert into rupees by the formula
Hence, Mr Gupta gross salary=Rs 3,000,000
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