Math, asked by bhaibaba846, 7 months ago

A man's yearly income is Rs.320000 and his tax free allowance is Rs.2.50,000. If he pay Rs. 10500 as income tax, find the tax rate,

Answers

Answered by pareekabhimanyu33

2

Answer:

15%

Step-by-step explanation:

Total Income = 320,000

Tax Free Income = 250,000

Taxable Income = 70,000

Tax Paid = 10,500

tax Rate = 10,500 / 70,000 = 0.15

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