Monthly income if Sana is Rs 50000 and rebate in tax is Rs 400000.Her annual income tax at the rate of 5% is:
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Answer:
monthly income = 50000
annual income= 50000*12= 600000
rebate in tax= 400000
her taxable income= 600000-400000=200000
tax amount= 200000*5/100= 10000
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