Find the annual tax should be paid by unmarried employee. If they have the following income only.
Aagya has monthly salary Rs 40000.she gets 20 monthly salary in a year
To find the annual tax that should be paid by an unmarried employee with the given income details for Aagya:
1. Aagya's monthly salary is Rs 40,000.
2. Aagya receives 20 monthly salaries in a year (since there are 12 months in a year).
3. To calculate Aagya's annual income, you need to multiply her monthly salary by the number of monthly salaries she receives in a year:
Annual Income = Monthly Salary x Number of Monthly Salaries in a Year
= Rs 40,000 x 20
= Rs 800,000
4. Once you have calculated Aagya's annual income, you can then determine the tax she needs to pay based on the tax rates applicable to her income bracket.
5. The tax rate and tax brackets vary by country, so you would need to refer to the tax laws of the specific location to determine the exact amount of tax Aagya would need to pay.
6. Calculate the annual tax based on the applicable tax rate and Aagya's annual income to find out the amount she should pay.
This process will give you the annual tax amount that Aagya, an unmarried employee with the given income details, should pay.
