Income is Rs. 8,00,000. Tax rates: Nil up to Rs. 2,50,000; 5% from Rs. 2,50,001 to Rs. 5,00,000; 20% above Rs. 5,00,000....

Type: MCQ • Marks: 1

Income is Rs. 8,00,000. Tax rates: Nil up to Rs. 2,50,000; 5% from Rs. 2,50,001 to Rs. 5,00,000; 20% above Rs. 5,00,000. Find income tax.

A. 75000

B. 70000

C. 72500

D. 80000

Explanation

Tax=12500+60000=Rs. 72,500.

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UP TGT Mathematics

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