Question

Monthly income of sana Is 50000and rebate is tax is 400000.Her annual income tax rate of 5% is

Answer 1

Step-by-step explanation:

Monthly income of Sana is Rs 50000 and rebate in tax is Rs. 400000. Her annual income tax at the rate of 5%

Solution:-

Monthly income of sana = 50,000

Rebate tax = 400,000

Annual income = 50,000 × 12 = 600,000

600,000 - 400,000 = 200,000

Income tax = \frac{200,000×5}{100}

100

200,000×5

= 10,000

So, the answer is 10,000.