Income tax and the income. - Vidyadip

Question

Income tax and the income.

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Answer

Income tax and the income are directly proportional to each other, e.g. Let Mr $X$ have $4.5$ lakh annual income. Then, he pay $10\%$ income tax on his income. But if Mr $X$ have $5.5$ lakh annual income, then he has to pay $30\%$ incometax on his salary/income.

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