man earns rs 6000 per month. calculate his income tax at a rate of 5 % while amount of rebate is rs. 30,000
Answers
Answered by
0
Answer:
7500rs
Step-by-step explanation:
- earning of man in one month=6000rs
- earning of man in 5months. =30000rs
- rate of income tax =5%/month
- total income tax of 5 months =(30000*25)/100
- =7500rs
Answered by
0
Answer:
Data:
Monthly income of Ali =Rs. 6000
Annual Income =Rs. 6000×12
= Rs. 72000
Amount of rebate = Rs. 30,000
Taxable Income =Rs. 72,000 - 30,000
= Rs. 42,000
Rate of tax = 5%
Income tax =Rs.( 5/100 ×42,000)
= Rs. 2100
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