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Computation of Income Tax

Mr. Lalit is ...

Question

Mr. Lalit is 42 years old and pays ₹5400 as education cess per annum. What is the Income tax that he pays?

A

₹290000

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B

₹270000

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C

₹280000

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D

₹540000

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Solution

The correct option is B ₹270000
Education cess is 2% of the Income tax.
Let the income tax be ₹x.
$\frac{2 x}{100}$ = ₹5400
$\Rightarrow$ x = ₹270000.

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