Question

Mr. Sunil invested Rs. 10,00,000 in a Fixed
Deposit at 10% p.a @ tax bracket of 30%
Calculate Post Tax return-​

Answer 1

Answer:

mr. sunil invested= Rs. 10,00,000

fixed deposit 10%

=rs.10,00,000 -10%

fixed deposit. =rs. 1,00,000

tax bracket = 30% + 1,00,000

= 1,10,000

Post tax return is 1,10,000