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Q: A man's annual income has increased by Rs 1.2 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays the same amount of tax as before. What is his increased income ( in Rs lakh)?
  • A. 8.4
  • B. 7.2
  • C. 9.6
  • D. 6
Correct Answer: Option B -
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Explanations:

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