Homework Answers
54000 it is for 8 months, so for 12 months the income is
=(12/8)*54000
=81000
According to tax slabs it is
15%*50000=7500
25%*25000=6250
34%*(81000-50000-25000)=2040
Total=15790
The tax for short period=(8/12)*15790
=10527
Answer D is correct 10527
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