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expeople1 [14]
2 years ago
7

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

Mathematics
1 answer:
marysya [2.9K]2 years ago
4 0

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

<h3>How to compute the tax?</h3>

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

#SPJ1

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