Question

a man earn Rs 230000 per year . If he pays income tax on Rs 80000 at the rate of 20% , how much income tax does he give ?

Answer 1

Answer:

Rs 16,000

Step-by-step explanation:

Income tax = 80,000 ×20/100

= 16000

Answer 2

Answer:

Income tax he give = Rs 16000

Step-by-step explanation:

As per the question,

We have been provided the man's annual income is Rs 230000 but he pays income tax on Rs 80000 only at the rate of 20%.

That is,

20% of Rs 80000 is what he paid as income tax.

or

20% × 80000 = Income tax

$\frac{20}{100} \times 80000 = 16000$

∴ Income tax = Rs 16000

Hence, income tax he gives = Rs 16000