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A man's annual income has in creased by ...

A man's annual income has in creased by Rs. 5 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays Rs. 10,000 more Income tax. What is his increased income (in Rs. lakhs)?

A

A) 20

B

B) 25

C

C) 15

D

D) 10

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The correct Answer is:
B
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Aman’s annual income has increased by Rs 20 lakhs but the tax on income that he has to pay has reduced from 20% to 16%. He now pays the same amount of tax as earlier. What is his new total income (in Rs lakhs)? अमन की वार्षिक आय 20 लाख रुपये से बढ़ गयी है लेकिन आय पर उसके द्वारा दिया जाने वाला कर 20% से कम हो कर 16% हो गया है | वह अभी भी पहले जितनी राशि ही कर देता है | नयी कुल आय ( लाख रुपये में ) ज्ञात करें |

A man's income is increased by Rs. 1200 and at the same time, the rate of tax to be paid is reduced from 12% to 10%. He now pays the same amount of tax as before. What is his increased income if 20% of his income is exempted from tax in both cases? R s .4500 b. R s .6300 c. R s .6500 d. R s .7200

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Income of a person decreased by 3000 Rs. and rate of Income tax increased from 15% t o 18% . The ratio of paid tax is 3 : 2. 26.5% income is tax free. Find initial income.

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