How to calculate tax payable?



0
Hi Sir,
In the below question the income tax payable should be 4.5 crore as the operating income remaining after the total expenditure is 18 crore. So it is 18* 0.25

But the ans said is incorrect.Can you clarify?


If a Company's revenue is Rs.50 Crores (500 million) and total expenses of Rs. 32 crores (320 million). What is the income tax payable at a 25% tax rate?

Rs. 18 crores (118 million)

Rs.4.5 crores (45 million)

Rs. 5 crores (50 million)

No tax is payable


null - Incorrect
null - Incorrect

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