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

750 Rupees

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7500 Rupees

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1500 Rupees

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75 Rupees

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Solution

The correct option is B 7500 Rupees
Income = Rs $50000$
Income Tax = 15 %
Thus, income tax = Rs 15% of 50000 = $\frac{15}{100} \times 50000$ = Rs $7500$
Thus, income tax paid is $R s 7500$

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

The correct option is B 7500 RupeesIncome = Rs 50000Income Tax = 15 %Thus, income tax = Rs 15% of 50000 = 15100×50000 = Rs 7500Thus, income tax paid is Rs7500

The correct option is B 7500 Rupees
Income = Rs $50000$
Income Tax = 15 %
Thus, income tax = Rs 15% of 50000 = $\frac{15}{100} \times 50000$ = Rs $7500$
Thus, income tax paid is $R s 7500$