contestada

Last year, the yearly income of a service man was Rs. 96,000. Income tax was not
levied up to yearly income Rs. 75,000 and 10% of his yearly income was invested in
civil investment fund, which was also tax free. If 15% tax was lived on the rest of the
income how much yearly income tax should be pay?​

Respuesta :

devishri1977

Answer:

Step-by-step explanation:

Amount invested in Civil investment fund= 10% of 96000

[tex]=\frac{10}{100}*96000=10*960=9600[/tex]

Remaining Taxable  Amount=96000 -(75000+9600)

                              = 96000 - 84600

                              = Rs. 11400

Tax = 15% of 11400

[tex]=\frac{15}{100}*11400=15*114=1710[/tex]