Question

Ankur deposited 20,00,000 as a fixed deposit in the bank at 10% per annum 30% os deducted as income tax an the interest earned find his net interest

Answer 1

Answer:

FD=2000000

Int:=2oooooox, 10/100 = 200000

IT @30% 2ooooox30/100 = 60000

Net Int:=200000-60000=140000

Net. Int.. Rs 140000. ANS