find the gross annual income of an industriallist who pays rs.300000 as income tax at the rate of 10%
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Answer:
Step-by-step explanation:
gross unearned income= rs.2812.5
Step-by-step explanation:
a/q
gross earned income= 10000 rs
tax = 4℅
tax paid = 10000×4/100=400
total tax paid = 625
hence tax paid oj unearned income= 625-400=225
but given tax paid on unearned income is 8℅ on it
hence unearned income=>
225×100/8
= 22500/8
= 2812.5 rs. ans.
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