Question

The monthly salary of a professor of Tribhuvan University
is Rs. 55000. His tax free amount is Rs. 510000 yearly. If
1% tax is levied on first Rs. 80000 of his taxable income
and certain rate on the remaining so that the professor
pays yearly Rs. 11300 as tax. Find the rate of income tax
which is levied on the remaining
(Ans: 15%)​

Answer 1

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Answer 2

Step-by-step explanation:

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