Question

The annual income of saqib is Rs. 450000. If Rs. 400000 is exempted from tax, then the amount Of income tax at the rate of 5% is:-
1:-Rs. 2500
2:-Rs. 4500
3:-Rs. 5000
4:-Rs. 25000​

Answer 1

Answer:

annual income of saqib= Rs.4,50,000

amount exempted from tax=Rs.4,00,000

amount left= 4,50,000-40,0000

=Rs.50,000

rate of income tax=5%

amount of income tax= 5%50,000

=5/100*50,000

= Rs.2500

Answer 2

It is an image

Hope it helps you