Question

sohail earn Rs 1500000 in a year if all of this income is taxable how much income tax does he pay ? assume the income tax rate is 7%

Answer 1

Answer:

Rs 105 000

Step-by-step explanation:

1500000 × 7/100

=10500000/100

=105000

Answer 2

Answer:

Tax amount = Rs 105000

Step-by-step explanation:

$Tax \ amount = 7 \% \ of \ 1500000$

                   $=\frac{7}{100} \times 1500000\\\\= 7 \times 15000\\\\= 105000$