Allied & ICAR Exam Bank • ALLIED_1609 MCQ • 1 Mark

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

If a person's income tax rate increases from 15% to 20%, his net tax liability increases by Rs 15,000. His taxable income is:

Options:

  • (A) Rs 3,00,000
  • (B) Rs 2,50,000
  • (C) Rs 3,50,000
  • (D) Rs 2,00,000

Answer Key:

A

Step-by-Step Solution & Explanation

Difference $= 5\%$. $0.05 I = 15000 \implies I = 300000$ rupees.
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