?
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 :
Answer & Solution
Correct Answer:
Option
C
Net tax rate
= 30 + $$\frac{30 × 10}{100}$$
= 33%
= 30 + $$\frac{30 × 10}{100}$$
= 33%
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