Question
A firm's profit before tax is ₹6,00,000. Tax rate 25%.
Profit after tax is:Solution
Tax Expense = 25% of ₹6,00,000 = ₹1,50,000. Profit After Tax (PAT) = Profit Before Tax − Tax Expense = 6,00,000 − 1,50,000 = ₹4,50,000.
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