Question

how to calculate income tax , write the formula for the total payable tax


gimme the answer​

Answer 1

Answer:

Depends on the income :

If the income is up to 2,50,000 rs per year then the income tax 0%.

If the income is between 2,50,000 rs and 5,00,000 rs per year then the income tax is 5%.

If the income is between 5,00,000 rs and 10,00,000 rs per year then the income tax is 12,500 + 20% income tax.

If the income exceeds 10,00,000 rs per year then the income tax is 1,12,500 + 30% income tax.

Answer 2

Answer:

in come tax is 30%

Step-by-step explanation: