SaraNextGen.Com


An individual pays 30% income tax. On this tax he has pay a surcharge of 10%. Thus the net tax rate, he has to pay is

 

(a)

27%

(b)

33%

(c)

40%

(d)

45%


Question ID - 56662 | Toppr Answer

An individual pays 30% income tax. On this tax he has pay a surcharge of 10%. Thus the net tax rate, he has to pay is

 

(a)

27%

(b)

33%

(c)

40%

(d)

45%

1 Answer - 5876 Votes

3537

Answer Key : (b) -

Let his taxable be Rs. 100.

Then, income tax =30% of Rs. 100= Rs.30.

Surcharge = 10% of Rs. 30 = Rs. 3.

Total tax paid = Rs. (30 + 3) = Rs. 33.

Net tax rate =



SaraNextGen