Grade- IX | Mathematics | Unit- 3 Taxation

Unit: 3

Taxation

1. The allowance for an unmarried individual is up to the income of Rs.140000. If an unmarried individual earns Rs.12600 a month, how much tax should be paid when the tax rate is 12%?

... Answer:
Rs. 1344

2. The monthly salary of a civil servant is Rs.10500. If 15% tax is levied on the yearly income of more than Rs.100000, how much tax should he pay?

... Answer:
Rs.3900

3. A married individual's monthly salary is Rs.9600. He gets Rs.1200 dearness allowance per month. Find the yearly income tax to be paid if the rate of income tax is 15%. Allowance for married individual is Rs.100000.

... Answer:
Rs.4440

4. The monthly basic salary of a managing director is Rs.13000. He pays 10% of his basic salary in the provident fund (PF) which is free of tax. If the tax is exempted up to Rs.80000, what income tax should be paid per year when the rate of income tax is 12%?

... Answer:
Rs.7248

5. For an unmarried person, the allowance per year is Rs.75000. If the amount of tax paid by him in a year at the rate of 12% is Rs.9000, what will his monthly income be?

... Answer:
Rs.12500

6. The income tax paid by a man at the rate of 15% per month is Rs.1230. If the yearly income of a man is Rs.196800, find the yearly taxable income and the exemption limit.

... Answer:
Rs. 98400, Rs. 98400

7. The income of the members of a family is Rs.424000. Up to Rs.120000 is the exemption limit. If the rate of tax up to Rs.200000 is 15% and for the rest 20%, how much should the family pay as the income tax in a year?

... Answer:
Rs. 50800

8. The yearly income of a bank manager is Rs.340000 of which up to Rs.100000 is free of income tax. If he pays Rs. 33600 as the income tax in a year, find the rate of income tax.

... Answer:
14%

9. A civil servant had a salary of Rs.9600 per month. Tax up to Rs.85000 per year would be exempted. If he paid Rs.4530 as the Income tax in a year, what was the rate of tax imposed?

... Answer:
15%

10. The price of an article is Rs.2300. If VAT is charged on it, find the amount of VAT and the sale price of the article.

... Answer:
Rs.299, Rs. 2599

11. The selling price of a bag is Rs.2400. If 13% VAT is levied, how much will a customer pay for it?

... Answer:
Rs. 2712

12. When 13% VAT is included, a customer pays Rs.3616 for a sweater, what is the original cost of the sweater?

... Answer:
Rs. 3200

13. When Shristi purchased a camera, she paid Rs.9729 with 15% VAT. Find the cost of the camera without VAT.

... Answer:
Rs. 8460

14. The price of a heater is Rs.1200. The customer clears the bill by the payment of Rs.1356 for the heater when VAT is included. Find the rate of VAT.

... Answer:
13%

15. The marked price of a cooler is Rs.6400. If a discount of 25% is allowed and VAT is added on it, find

a. the amount of discount

b. the amount of VAT

c. the sale price of the cooler.

... Answer:
Rs. 1600, Rs. 624, Rs.5424

16. After allowing 12% discount on the marked price of a radio, if a customer pays Rs.6578 with 15% VAT, find the marked price of the radio.

... Answer:
Rs. 6500

17. A shopkeeper sold his goods for Rs.5198 after allowing 8% discount and then levying 13% VAT, how much are the amounts of VAT and discount?

... Answer:
Rs. 598, Rs.400

18. When discount is given on the marked price of an electric fan and included VAT, the article is sold for Rs.4692. Find the amounts of VAT and the discount.

... Answer:
Rs. 612, Rs.720