Income of a man is increased by 1800 and payable tax is decreased from 18% to 15% in both cases 29.95 income is tax free and he is paying same tax amount. Find initial income(in Rs.)
(a) 9000
(b) 6000
(c) 5000
(d) 10000
Sol:
If tax rate decreases from 18% to 15% Income should change from
15 → 9000 Rs.
