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Question Number 73872 by azizullah last updated on 16/Nov/19

	Answered by $@ty@m123 last updated on 16/Nov/19

	$R e b a t e m e a n s p a r t o f i n c o m e o n$ $w h i c h I n c o m e T a x i s e x e m p t e d .$ $A T Q,$ $A n n u a l I n c o m e = R s . 8000 \times 12$ $= 96000$ $R e b a t e = 80000$ $∴ T a x a b l e I n c o m e = 96000 - 80000$ $= 16000$ $∴ I n c o m e T a x = 5 % o f 16000$ $= R s . 800 .$
	Commented by azizullah last updated on 16/Nov/19

	$A bundle of thanks sir$
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