An institutional school has collect Rs 1000000 fee in one year. how much tax should paid by the school
please solve this step by step
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Answer:
75000 Rs.
Step-by-step explanation:
tax slab
0 - 250000 = Nil
250000 - 5 L. = 5%. (12500)
5L - 7.5L. = 10%. (25000)
7.5L - 10L = 15%. (37500)
total tax ( 75000)
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