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Let the initial income be x. The taxable income is 75% of x, and the tax rate is 18%. So, the tax paid initially is 0.135x. After the income increases by Rs. 9000, the new income is x+9000. The taxable income is 75% of this new amount, and the tax rate becomes 15%. So, the tax paid is 0.1125(x+9000). Since the tax paid in both cases is the same, we set up the equation: 0.135x=0.1125(x+9000) Solving for x, we find that the initial income is Rs. 45,000.
Consider the following statements regarding RBI’s Financial Inclusion Index-
I.The Financial Inclusion (FI) Index of the Reserve Bank of India ...
Which of the following became the first genetically modified commodity of Indian that has received commercial approval anywhere in the world?
On 1st January 2022 which Indian organization celebrated its 64th Foundation Day?
For the year 2020 who has been conferred with the Tenzing Norgay National Land Adventure Award?
Which of the following statements about the Global Tourism Index 2024 is/are incorrect?
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______________ has been ranked eight for on-time performance among large international airports globally for 2021 by Cirium.
On August 18, 2023, the launch of the Second Missile Cum Ammunition (MCA) Barge, Yard 76 (LSAM 8), took place at Guttenadeevi, East Godavari, Andhra Pra...
Which of the following statements is true regarding the MoU signed between the National Highway Authority of India and Nagarjunasagar - Srisailam T...
Bharat Electronics Limited (BEL) has signed an MoU with ____ for co-operation in R&D for the development of emerging technologies and technical solution...
Who among the following has/have been appointed as non official directors on the central board of the reserve bank of India?