Question

first rs 8,000 of annual income is tax free and income-tax is 1% beyond this. An employee paid rs. 160 as income-tax in a year. His monthly income is

Answer 1

the appropriate answer is 6850

Answer 2

Answer:

Step-by-step explanation:

let theamount be x.

ATQ 1% OF x=Rs. 160/-

hence x=16,000.00

Threrefore annual income be=8000+16000=24000.

monthly income be=24000/12=Rs. 2000.