how to calculate income tax , write the formula for the total payable tax
gimme the answer
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how to calculate income tax , write the formula for the total payable tax
gimme the answer
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Answer:
Depends on the income :
If the income is up to 2,50,000 rs per year then the income tax 0%.
If the income is between 2,50,000 rs and 5,00,000 rs per year then the income tax is 5%.
If the income is between 5,00,000 rs and 10,00,000 rs per year then the income tax is 12,500 + 20% income tax.
If the income exceeds 10,00,000 rs per year then the income tax is 1,12,500 + 30% income tax.
Answer:
in come tax is 30%
Step-by-step explanation: