Question

a company pays a dividend of 15 percent on its ten rupee shares from which it deducts tax at the rate of 22 percent find the annual income of a man who owns one thousand shares of this company

Answer 1

dividend earned from 1000 shares of 10 rs each is 15%

so x=1000*100*15/100
x=15000

so gross income is 15000



now income after tax deduction is net income

net income=15000(1-22/100)
15000*78/100
150*78
11700
income after tax deduction=11700