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  • In a year, Ravi earns Rs 360000 and paid Rs 24000 as income tax. Find the ratio of his (a) income to income tax. (b) income tax to income after paying income tax.

In a year, Ravi earns Rs 360000 and paid Rs 24000 as income tax. Find the ratio of his
(a) income to income tax.
(b) income tax to income after paying income tax.

 

Answers (1)

Ravi's income = Rs. 360000 per year
Income tax paid = Rs. 24000
(a) Ratio of income to income tax = \frac{\text { Ravi's income }}{\text { Income tax paid by him }}=\frac{\mathrm{Rs} .360000}{\mathrm{Rs} .24000}=\frac{15}{1}=15: 1

(b) Income after tax = Rs 360000 - Rs24000 = Rs 336000

\frac{\text { Income tax }}{\text { Income after tax }} =\frac{\text { Rs. } 24000}{\text { Rs. } 336000}=\frac{1}{14}=1: 14

Posted by

Ravindra Pindel

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