Question

when income of man increased by RS 28800.Then Tax rate reduces from 12% to 10% while in both the situation 30% income is tax free . find the initial income if he paid equal tax both the case.?​

Answer 1

Answer:

Let the man's original income = x in Rs.

Then the taxable income = x−x×10020=54x.

∴  The tax at 12%=54x×10012=125.12x54x×10012=125.12x.

After an increament of Rs1200 his new income=x+1200 in Rs.

Then the taxable income=(x+1200)−(x+1200)×10020=54x+4800.

∴  The tax at 10%= 54x+4800×10010=252x+2400

So, by the given condition,

252x+2400=125.12x.

Or 10x + 12000 = 12x

Or 2x = 12000

Or x = 6000.

∴ His increased income = x + 1200 = Rs ( 6000 + 1200 )

= Rs 7200

Answer 2

Answer:

Step-by-step explanation:

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