A man's annual income has increased by Rs. 2 lakhs but the tax on income that he has to pay has reduced from 20% to 16%. 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. 2 lakhs but the tax on inco

1.	A man's annual income has increased by Rs. 2 lakhs but the tax on income that he has to pay has reduced from 20% to 16%. He now pays the same amount of tax as before. What is his increased income (in Rs. lakhs)?
A.	8
B.	10
C.	12
D.	6
Answer» C. 12

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A man's annual income has increased by Rs. 2 lakhs but the tax on income that he has to pay has reduced from 20% to 16%. He now pays the same amount of tax as before. What is his increased income (in Rs. lakhs)?

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