Question

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?​

Answer 1

Answer:

5,37,000

Step-by-step explanation:

600000 x 89.5% is what he gets in hand

Answer 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

$=\: {\dfrac{10.5 \times 600000}{100}}$

= 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.