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2 years ago

The monthly income of Ram is Rs 40,000. If he paid Rs 8,000 as income tax. Find the rate of income tax.

Mathematics

1 answer:

frosja888 [35]2 years ago

5 0

Hello!

Rate of income tax = Tax paid / Monthly income

⇒ Rate = 8,000 / 40,000

⇒ Rate = 0.2

⇒ Rate = 20%

∴ The rate of income tax is 20%.

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3 years ago

The monthly income of Ram is Rs 40,000. If he paid Rs 8,000 as income tax. Find the rate of income tax.​

The monthly income of Ram is Rs 40,000. If he paid Rs 8,000 as income tax. Find the rate of income tax.