Question no 3 ka solution kese hoga

SOMAPRIYA · 10 Jul 2024

Thanks

Vignesh · 10 Jul 2024

Tax exp for interim period = Estimated Avg tax rate x income earned in the interim period. Estimated annual income= (85,000 - 25,000 -25,000 -25,000) = ₹10,000 Estimated annual tax amount = ₹10,000 *20% = ₹2000. (Tax rate is 20% because income is less than 20,000) Now, Estimated avg tax rate = Estimated annual tax/ estimated annual income = 2000/10,000 = 20%. Finally, Tax exp for interim period = Estimated Avg tax rate x income earned in the interim period. = 20% x 85,000 = ₹17,000.

SOMAPRIYA · 10 Jul 2024

Kese hoga

Vignesh · 10 Jul 2024

Is the answer a) ₹17,000?