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A man's annual income has increased by R...

A man's annual income has increased by Rs. 1.2 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays the same amount of tax as before. What is his increased income (in Rs lakhs)?
एक व्यक्ति की वार्षिक आय में 1.2 लाख रू की वृद्धि होती है परन्तु आय पर लगने वाला कर 12% से 10% हो जाता है। अभी भी वह उतना ही कर देता हे जितना पहले देता था। उसकी बढ़ी हुई आय (लाख रू में) कितनी है?

A

`8 . 4`

B

` 7 . 2 `

C

`9 . 6`

D

6

Text Solution

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The correct Answer is:
B
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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

Prasad has a total salaried income of Rs. 160,000 per annum. Calculate the amount of income tax he has to pay.