Question

Income tax rate is 10% if tax deducted is 1500 what will be the income? 15000

Answer 1

Step-by-step explanation:

Let the income be ₹ x.

$\therefore \: 10 \% \: of \: x = 1500 \\ \implies \: \frac{10}{100} \times x = 1500 \\ \implies \: \frac{1}{10} \times x = 1500 \\ \implies \: x = 1500 \times 10 \\ \implies \: x = 15000$

Thus, the income is ₹ 15000.

Answer 2

Answer:

His total income is 15000

Step-by-step explanation:

From the above question,

They have given :

Income tax rate is 10% if tax deducted is 1500

Here we have to find the income.

If you make ₹ 15,000 per month, your Yearly salary would be ₹ 180,000. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 48 hours a week.

That means that your net pay will be ₹ 132,000 per year

Or ₹ 11,000 per month.

Then the average tax rate is 12.0% and your marginal tax rate is 12.0%.

Let x be the total income

Then 10%of x is 1500

10/100×x=1500

x=15000

Hence total income is 15000

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