Question

anuj pays 12% of his income taxes. if his annual income is 420000, find the amount paid by him as tsn

Answer 1

Amount Paid By Anuj = 420000*12/100 = 4200*12 = Rs. 50400

Answer 2

Given,

The annual income of Anuj = Rs. 4,20,000

Income tax = 12% of the annual income

To find,

The amount to be paid as income tax.

Solution,

We can easily solve this problem by following the given steps.

According to the question,

We have:

The annual income of Anuj = Rs. 4,20,000

Income tax = 12% of the annual income

(Note that when we remove the sign of percentage then we use 100 as the denominator of that number.)

Tax = $\frac{12}{100} \times 420000$

Tax = Rs. (12×4200)

Tax = Rs. 50400

Hence, the amount to be paid as income tax by Anuj is Rs. 50400.