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% 
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% 
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 =