Mr Prakash earns 6,00,000 per annum and pays an income tax of 10.5% on his income. How much money does he get in hand?
Answers
Answered by
0
Answer:
5,37,000
Step-by-step explanation:
600000 x 89.5% is what he gets in hand
Answered by
2
Given :-
Total money earned = 6,00,000
Rate of income tax = 10.5%
To Find :-
The actual money earned after paying the income tax.
Solution :-
Total tax = 10.5% of 6,00,000
= 63,000
Therefore, total tax paid by Mr Prakash is 63,000
Left amount = Salary - Total tax
= 6,00,000 - 63,000
= 5,37,000
Therefore Mr Prakash gets 5,37,000 in hand.
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