Calculate the income tax of a person whose salary is Rs. 6000 per month. The income tax is 5% and rebate is Rs. 50000?
- Rs. 1100
- Rs. 900
- Rs. 600
- None of these
Explanation
Annual salary = Rs. 6000 × 12 = Rs. 72,000
Taxable income after rebate = Rs. 72,000 - Rs. 50,000 = Rs. 22,000
Income tax = 5% of Rs. 22,000 = Rs. 1100
Related MCQs
- 61%
- 71%
- 81%
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
- Rs. 2,000
- Rs. 2,500
- Rs. 3,000
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
- 200
- 250
- 300
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
- Rs. 180
- Rs. 190
- Rs. 200
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
