You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard VII

Mathematics

Percentages

A man's annua...

Question

A man's annual income is Rs 16,000. The income tax at the rate of 15% after allowing a deduction of Rs 7,500, the tax payable amount is

Rs 1,500

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 1,200

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 1,275

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs 1,450

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Rs 1,275
A man's annual income is Rs16000
Deduction allowable is is 7500
Taxable income will be(16000-7500)=Rs8500
Income tax rate is 15%
so income tax payable will be $\frac{15}{100} \times 8500 = 1275$
Rs 1275 will be income tax payable

Suggest Corrections

Similar questions

Q. Income of a person is Rs. 50,000. He pays income tax at the rate of 15%. Find the amount of income tax.

Q. Aneesh earns

R s . 40, 000

a month and pays an income tax of

10 %

on this amount. What amount does he get after the tax deduction ?

Q. In financial year

2014 - 15

the gross income of Kuldeep is Rs.

5, 80, 000

(Excluding house rent). He deposit Rs.

9, 000

to its General provident fund. He deposit Rs.

60, 000

in his P.P.F. account. Calculate the income tax paid by Kuldeep in his last month. The total income of Rs.

1, 50, 000

is free from tax. The rate of income tax are.

Tax Payable Income	Tax
(i) $2, 00, 000$ Rs upto	zero
(ii) From Rs. $2, 00, 001$ to Rs. $5, 00, 000$	On amount more than Rs. $2, 00, 000$ $10 %$

In addition to it, educational cess

3 %

on income tax payable.

Q. A tax payer is exempted of income tax for the first Rs.

100000

of his annual income but for the rest of the income he has to pay a tax at the rate of

20 %

. If he paid Rs.

3160

as income tax for a year his monthly income is

A company pays a dividend of 20% on its ₹10 shares from which it deducts income tax at the rate of 18%. Find the annual income of a man after tax who owns one thousand shares of this company.

Join BYJU'S Learning Program

A man's annual income is Rs 16,000. The income tax at the rate of 15% after allowing a deduction of Rs 7,500, the tax payable amount is

The correct option is C Rs 1,275A man's annual income is Rs16000Deduction allowable is is 7500Taxable income will be(16000-7500)=Rs8500Income tax rate is 15%so income tax payable will be 15100×8500=1275Rs 1275 will be income tax payable

The correct option is C Rs 1,275
A man's annual income is Rs16000
Deduction allowable is is 7500
Taxable income will be(16000-7500)=Rs8500
Income tax rate is 15%
so income tax payable will be $\frac{15}{100} \times 8500 = 1275$
Rs 1275 will be income tax payable