Question

Mr ankush deposit 20,00,000 as a fixed deposit in a bank at 10 present per annum if 30 present deducted as incom text on the interst earn find his annual incone

Answer 1

FD=2000000

Int:=2oooooox, 10/100 = 200000

IT @30% 2ooooox30/100 = 60000

Net Int:=200000-60000=140000

Net. Int.. Rs 140000.

Answer 2

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Mr ankush deposited 20,000 as a fixed deposit in a bank at 10 % per annum if 30 % deducted as income tax on the interst earn find his annual income ?

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Given :

Amount = 20,000

Interest = 10 %

Tax = 30 %

According to the question :

☞ Interest :

=> 20,000 × 10 %

=> 20,000 × 10 / 100

=> Rs. 2000.

☞ Tax :

=> 20,000 × 30 %

=> 20,000 × 30 / 100

=> Rs. 600.

☞ Annual Income :

=> Interest - Tax

=> 2000 - 600

=> Rs. 1400.

$<marquee><b><font colour="red">$Therefore, His annual income = Rs. 1400☺❄☺