Question

the net income of ravi, if he pays the income tax of 3% & if his gross income is rs. 22000/- is

Answer 1

Gross income = 22000
Tax = 22000×3/100=660
Net income of Ravi = 22000-660 = 21340

Answer 2

Answer:

Rs.21340

Step-by-step explanation:

Gross income of Ravi = Rs.22000

Income Tax = 3%

Amount of Income tax = $3\% \times 22000$

                                  = $\frac{3}{100}\times 22000$

                                  = $660$

Net Income of Ravi = Rs.22000 - Rs.660 =Rs.21340

Hence the net income of Ravi is Rs.21340