Question

The annual income of saqib is Rs 450000 if Rs 400000 is expected from tex then the amount of income tex at the rate of 5%is

Answer 1

Answer:

2500

Step-by-step explanation:

annual income of Saqib -450000

expected income -400000

taxable income;

=annual income- expected income

=450000-400000

=50000

income tax;

=50000×5/100

=2500