There are two slabs of income tax, 8% tax for income up to 3 lakh and 12.5% for income above 3 lakh. Akhil tried to evade tax by hiding some of the income, to fall in the 8% tax slab. The amount hid by Akhil is 9/44 of the original taxable income. If Akhil paid Rs. 25,200 as tax, what is the original amount of tax he had to pay?
Tax paid = 25200 (8% of the taxable income) Shown income = (25200 × 100)/8 = 315000 Amount hid = 9/44 of original income. Shown income = 35/44 × original taxable income Original Taxable income = (44/35) × 315000 = 396000 Tax = 12.5% × 396000 = Rs. 49500
Where is Bilaspur located in India?
What is the range of the intensity scale used in measuring earthquakes?
Which of the following is not a tributary of “Luni River”?
Jajam / Aazam print is famous of -
Which of the following dance is performed by Jasnath sect followers?
Who has been appointed as the Rajasthan State Information Commissioner?
National level centre for mustard research is situated at-
Sun Temple of Jhalrapatan (Jhalawar) was built by -
In 1724, who was reappointed Viceroy of the Deccan with the title of Asaf Jah?
In the context of Indian states formation after independence, Operation Polo is associated with which state?