Question

Anil is a married teacher in a college. He has monthly salary of Rs 45,000

Answer 1

The amount paid in tax based on the information is Rs 13500.

How to compute the tax?

From the information given, the monthly salary is 45000. Therefore, the yearly salary will be:

= 45000 × 12

= 540000

Also, it's stated that the tax rate for first 450000 is 1% and next 100000 is 10%. Therefore, the amount that will be paid in tax will be:

= (450000 × 1%) + (90000 × 10%)

= 4500 + 9000

= 13500

Therefore, the amount paid in tax will be Rs 13500.

Learn more about tax on:

brainly.com/question/25783927

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