The tax free amount on the yearly income of a man is
Rs. 200000. He should pay income tax of 15% upto
Rs. 100000 of his taxable income and 25% for the rest. If
he pays total Rs. 30000 as income tax, find his monthly
income.
(Ans: Rs. 30000)
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Answer:
30000
Step-by-step explanation:
The tax free amount on the yearly income of a man is
Rs. 200000. He should pay income tax of 15% upto
Rs. 100000 of his taxable income and 25% for the rest. If
he pays total Rs. 30000 as income tax, find his monthly
income.
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