Question

Mr. Vijay 's annual income is Rs . 100000 and Mr. Ajay ' s annual income is Rs. 115000. How much will each have to pay as income tax if income tax percentage for Mr. Vijay is 10% and for Mr. Ajay it is 7.5%

Answer 1

10 % of ₹ 100000 is the amount paid by Mr. Vijay as income tax

= 10/100 x 100000

= ₹ 10000

7.5% of ₹115000 is the amount paid by Mr. Ajay as income tax

=7.5/100 x 115000

=75/1000 x 115000

=75 x 115

=₹8625

Answer 2

Mr Vijay as income tax

10/100 × 100000 = 10× 1000

= 10000

Mr Ajay as income tax

7.5/100 × 115000

75/1000 × 115000

75 × 115

= 8625