An individual pays 30% income tax. On this he has to pay a surcharge of 10%. Thus, the net tax rate, he has pay is :

A. 45%

B. 40%

C. 33%

D. 27%

Answer: Option C

Solution(By Examveda Team)

Net tax rate
= 30 + $$\frac{30 × 10}{100}$$
= 33%