Question

Mr Gupta tells us that 15% of his salary is deducted as monthly income tax if he receives rupees 25 lakh 50 thousand per month per annum after deductions, then find his gross salary

Answer 1

Answer:

Mr Gupta gross salary=Rs 3,000,000

Step-by-step explanation:

Let Mr Gupta gross salary=x

Monthly income tax paid by Mr Gupta=15% of monthly salary

When Mr Gupta pays 15% of monthly salary to income tax.Then , he will pay 15 % of annual salary to income tax.

He received money after deduction=Rs 2550000

15 % of annual salary=\frac{15}{100} x

100

15

x

Percentage convert into rupees by the formula

=\frac{percent\;value}{100}\times total\;value\;}

According to question

x-\frac{15}{100}x=2550000x−

100

15

x=2550000