Question

A man's gross income is rs,5800 . of this rs.3000 is exempted from tax, of the remaining rs.2000 is subject to an income tax at 4 P in the rupee and the balance at 6 P in the rupee. how much tax will be pay?( p is nothing but = %)

Answer 1

Answer:

Rs.128

Step-by-step explanation:

Gross income = Rs.5800

Income exempted from tax = Rs.3000

Taxable income = Rs.5800 - Rs.3000

• Rs.2800

Tax on (Rs.2800 - Rs.2000) i.e., Rs.800 at 6%

• Rs.800 × ⁶⁄₁₀₀
• Rs.48

Total tax paid = Rs.80 + Rs.48

• Rs.128