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pankaj gupta Grade: 12
        

A MAN'S ANNUAL INCOME IS 16000.THE INCOME TAX AT THE RATE OF 15% AFTER ALLOWING A DEDUCTION OF 7,500 THEN THE NON TAXABLE INCOME IS

6 years ago

Answers : (2)

SAGAR SINGH - IIT DELHI
879 Points
										

Dear student


Income tax=0.15(16000-7500)= Rs 1275....











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6 years ago
Fawz Naim
37 Points
										

The annual income is 16000.After deducting 7500,it comes to be 8500. Now 15% tax on this 8500 is 1275


therefore non taxable income is 16000-1275=Rs 14725

6 years ago
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