A man has 300,Rs 50 shares of a company paying 20 percent dividend. find his net income after paying 3 percent income tax.

Asked by sukhmanshergill723 | 23rd Apr, 2022, 04:17: PM

Expert Answer:

Nominal value of 1 share = Rs 50
Nominal value for 300 shares = 50 x 300 = Rs 15000
Dividend = 20% of 15000 = 20/100 x 15000 = Rs 3000
Income tax paid by the man = 3% of 3000 = Rs 90
Therefore, net income = 3000 - 90 = Rs 2910

Answered by Renu Varma | 25th Apr, 2022, 03:11: PM