The man’s taxable income is Rs. 14,280/-. The state tax instructions tell him to pay 2% on the first Rs. 3000/- of his taxable income, 3% on each of the second and third Rs. 3000/- and 4% on the remainder. What is the total amount of income tax that he must pay?
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Answer:
The man’s taxable income is Rs. 14,280/-. The state tax instructions tell him to pay 2% on the first Rs. 3000/- of his taxable income, 3% on each of the second and third Rs. 3000/- and 4% on the remainder. What is the total amount of income tax that he must pay Rs. 451.20.
