(L1.J2UULUU --22.A person pays * 75000 as income tax. If the tax paid

1.	(L1.J2UULUU --22.A person pays * 75000 as income tax. If the tax paid is 24% of his taxable income, findhis taxable income.mno norcon nurchased it for 37100 at a
Answer» Let taxable income be x As given tax paid = 75000 and its 24% of taxable income Then,(24/100)x = 75000x = 3125100x = 312500 Therefore, taxable income is Rs 312500

(L1.J2UULUU --22.A person pays * 75000 as income tax. If the tax paid is 24% of his taxable income, findhis taxable income.mno norcon nurchased it for 37100 at a

Answer»

Let taxable income be x

As given tax paid = 75000 and its 24% of taxable income

Then,(24/100)*x = 75000x = 3125*100x = 312500

Therefore, taxable income is Rs 312500