ABC limited reported 85000rs as per tax profit in 1st quarter & expects 25000rs as loss in subsequent quarters. It's corporate tax slab rate is 20% on first 20000rs and for additional earnings it's 40%. Calculate tax expense to be reported in 1st quarter. This is the options: 1. RS.17000 2. RS. 30000 3. RS. 2000 Can anyone give me the answer with workings?

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