XAT 2015 Question 64
This is a detailed step-by-step solution for XAT 2015 Question 64. Understand the concept, common mistakes, and expert tips to solve similar questions in XAT exam.
XAT
Minimum tax paid would be = (15*0)+(6*1500*0.05)+(3*3000*0.10)= 450+900 = 1350
Maximum tax paid will be = (15*0) + (12*1500*0.05) + (9*3000*0.10) +(5*5000*0.15) = 0+900+2700+3750 = 7350
Since we have approximate the value so the actual minimum tax will be greater than 1350 and actual maximum tax will be less than 7350