A man’s income is increased by Rs. 2000 in a year rate of income tax having reduced from 25% to 15%, his tax liability remains the same as in the least year. Find his income in the current year.

Question

Shreyans Pagariya · Answer

Consider the income to be x.
Then According to the information given:
0.25x=0.15(x+2000)
Solving we get,
x = 30000

A man’s income is increased by Rs. 2000 in a year rate of income tax having reduced from 25% to 15%, his tax liability remains the same as in the least year. Find his income in the current year.

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