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 man's annual income has increased by Rs 5 lakhs but the tax on incom

1.	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
Answer» C. 15

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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)?

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