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.

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Solution

Given,
Ravi's earning = Rs. 360000
Income tax paid = Rs. 24000

a) Ratio of income to income tax = $\frac{R s .360000}{R s . 24000}$

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

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

= Rs. (360000 - 24000) = Rs. 336000
Ratio of income tax to income after paying income tax = Rs. $\frac{24000}{336000}$

= $\frac{1}{14} = 1 : 14$ [on dividing numerator and denominator by 24000]

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