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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

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

Grade:12

2 Answers

SAGAR SINGH - IIT DELHI
879 Points
10 years ago

Dear student

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

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Sagar Singh

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Fawz Naim
37 Points
10 years ago

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

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