If the marginal rate of tax is 40% and consumers income increase from Rs10,000 to Rs12,000 ?
Found an error? Read our corrections policy and submit a sourced correction below. You can also share a useful explanation in your own words.
A. The amount of tax paid will increase by Rs 800
B. The amount of tax paid will increase by Rs4,800
C. The amount of tax paid will increase by Rs4,000
Found an error? Read our corrections policy and submit a sourced correction below. You can also share a useful explanation in your own words.