Question

(Group A) [3x(1+1)=6] 1 (a) 35000 ZI a T4 TT 22% 4T A In a bank, the monthly salary of an employee is Rs. 35000. If tax is levied on 22% of his income, find his annual taxable income 5 (Ans: Rs92400)​

Answer 1

It is 92400

Explanation:

You can first start by doing 22% of 35000, or 0.22 x 35000. This equals 7,700 monthly, but we are not done yet. We need to find his annual taxable income, so we must do 7,700 times 12 to find that, which is 92400.