Question
There are two slabs of income tax, 7% tax for income up
to 3 lakh and 12.5% for income above 3 lakh. Nitin tried to evade tax by hiding some of the income, to fall in the 7% tax slab. The amount hid by Nitin is 6/29 of the original taxable income. If Nitin paid Rs. 32,200 as tax, what is the original amount of tax he had to pay?Solution
Tax paid = 32200 (7% of the taxable income) Shown income = (32200 × 100)/7 = 460000 Amount hid = 6/29 of original income. Shown income = 23/29 × original taxable income Original Taxable income = (29/23) × 460000 = 580000 Tax = 12.5% × 580000 = Rs. 72500
Statements:
L ≥ M = N < P; O < Q ≥ R =S ≥ L
Conclusions:
I). Q > M
II). Q = N
Which of the following symbols should replace the question mark in the given expression, in order to make the expressions K < I as well as N &...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is/are definitely true and then ...
Which of the following symbols should replace (1) and (2) respectively in the given expression in order to make the expression N > P definitely true?
Statements: B < C ≥ D; T < G ≥ E; E < C
Conclusions:
I. T < C
II. C > G
III. E < D
Statement: N = P ≤ Q; R ≥ Q < U
Conclusions: I. N < U II. R ≥ N
...Statements: T @ A % S $ L © JÂ
Conclusions:Â
 I. T % LÂ
II. T $ LÂ
III. S # J
Statements: M = N ≤ P = C > G, D ≥ M > T = F
Conclusion:
I. D ≥ N
II. N > F
III. F < P
Statements: Z > R = K ≥ X = N ≥ Q, F < B ≤ Q
Conclusions:
I. X ≥ F
II. B ≤ K
III. R > F
