In a year, Ravi earns ₹3,60,000 and paid ₹24,000 as income tax.
Find the ratio of his
a) income to income tax.
b) income tax to income after paying income tax.

Open in App

Solution

Given,
Ravi's earning = ₹3,60,000
Income tax paid = ₹24,000

a) Ratio of income to income tax = $\frac{₹ 360000}{₹ 24, 000}$

= $\frac{15}{1}$ = $15 : 1$ [on dividing numerator and denominator by 24000]

b) Income of Ravi after paying income tax = Income - Tax paid

= ₹(3,60,000 - 24,000) = ₹3,36,000
Ratio of income tax to income after paying income tax = Rs. $\frac{24, 000}{3, 36, 000}$

= $\frac{1}{14} = 1 : 14$ [on dividing numerator and denominator by 24,000]

Suggest Corrections

Similar questions

Question 54

In a year, Ravi earns Rs. 360000 and paid Rs. 24000 as income tax.
Find the ratio of his
a) income to income tax.
b) income tax to income after paying income tax.

Q. In a year, a lady doctor earned

R s 4.4

lakhs and paid

R s . 1.1

lakhs as income tax. Find the ratio of income to income-tax and income-tax to income.

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

Q. Savings form 25% of Mr. Malhotra's monthly income after tax deductions. If he earns ₹8,40,000 per annum and pays ₹78000 as Income tax, find his monthly saving.

In a country’s income tax system, an individual can earn Rs. 20,000, before paying taxes. The marginal rate of tax is 25% on income up to Rs. 50,000 and 50% on income greater than that. How much tax will an individual pay if she earns Rs. 1,00,000?

Join BYJU'S Learning Program

In a year, Ravi earns ₹3,60,000 and paid ₹24,000 as income tax. Find the ratio of his a) income to income tax. b) income tax to income after paying income tax.

In a year, Ravi earns ₹3,60,000 and paid ₹24,000 as income tax.
Find the ratio of his
a) income to income tax.
b) income tax to income after paying income tax.