AP ICET 2017 Shift 1 Paper

Question : 90 of 200

Marks: +1, -0

If the income tax is reduced from 15% to 12.5% then the tax benefit (in rupees) for a person whose taxable income is Rs. 98.000/- is

Solution:

Required benefit

=(15%–12.5%)

of 98000

=2.5/100×98000=₹2450

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