Question

a person pays rupees 75000 as income tax if the tax paid is 24% of is taxable income find his taxable income​

Answer 1

Let taxable income = X rupees

According to the question,

$\frac{24x}{100} = 75000 \\ x = \frac{75000 \times 100}{24} \\ x = 3125 \times 100 \\ = 312500$

Therefore, Taxable income = 312500