Total tax (with $4\%$ cess) for tax of Rs. $1{,}00{,}000$ is

Total tax (with $4\%$ cess) for tax of Rs. $1{,}00{,}000$ is
  1. Rs. $1,04,000$
  2. Rs. $1,00,400$
  3. Rs. $1,01,000$
  4. Rs. $1,40,000$

Solution

$1{,}00{,}000 + 4\%$ of $1{,}00{,}000 = 1{,}00{,}000 + 4000 = 1{,}04{,}000$.

Asked in: MH-SSC-9

Practice more Financial Planning questions on Aicharya