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Q: A man's annual income has increased by Rs. 5 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays Rs. 10,000 more income tax. What is his increased income (in Rs. lakhs)?
  • A. 20
  • B. 25
  • C. 15
  • D. 10
  • E.
Correct Answer: Option B -
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Explanations:

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