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
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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
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