A man’s annual income has increased by Rs. 1.2 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays the same amount of tax as before. What is his increased income (in Rs. lakhs)?

A man’s annual income has increased by Rs. 1.2 lakhs but the tax on

1.	A man’s annual income has increased by Rs. 1.2 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays the same amount of tax as before. What is his increased income (in Rs. lakhs)?
A.	8.4
B.	7.2
C.	9.6
D.	6
Answer» C. 9.6

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A man’s annual income has increased by Rs. 1.2 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays the same amount of tax as before. What is his increased income (in Rs. lakhs)?

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