1.

A man's annual income has increased by Rs 5 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays Rs 10,000 more income tax. What is his increased income (in Rs lakhs)?1). 202). 253). 154). 10

Answer»

Let the INCOME before increment = Rs. X so increased income = Rs. (x + 500000) LAKHS

According to given CONDITION;

0.1(x + 500000) – 0.12x = 10000

⇒ 0.02x = 40000

⇒ x = 2000000 = Rs. 20 lakhs

∴ Increased income = 20 + 5 = 25 lakhs


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