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Abhishek

· started a discussion

· 1 Months ago

If the income tax is increased by 17% then the next income is reduced by 3% , find the rate of income tax ?

Sachin Gharia

· commented

· 1 Months ago

Income 17,tax 3 , salary as gye 20
3/20×100= 15% simple as that

Sachin Gharia

· commented

· 1 Months ago

15%

Prashant Kumar

· commented

· 1 Months ago

Let total income =100 & tax rate = x% Total income will be (100-x) Now tax is increased by 17% so 1.17x% now Total income
(100-1.17x) = (100-x)0.97
100-97 = 1.17x-0.97x
& x = 15. So the rate of income tax = 15% ☺

harish hari

· commented

· 1 Months ago

17% of income tax = 3% of income
income tax/ income= 3/17
total income= 20
rate of income tax=(1/20)*100
=5%

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