Question

A civil servant had a salary of Rs. 9600. Tax up to
Rs. 85000 per year would be exempted. If he paid
Rs. 377.50 as a tax per month, how much percent of
tax was imposed ?
(Ans: 15 %​

Answer 1

Answer:

Step-by-step explanation:

The question is misleading. It was not specified that his salary is Rs 9,600 per month. That is 115,200 yearly. Of that, 115,200- 85,000 = 30,200 is taxable.

tax = Rs 377.50/month = Rs 4,530/year

4,530/30,200 = 0.15 = 15%