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HomeXAT PYQsXAT 2011 Question PaperMr. Madan observed his tax deduction at source, done by…
XAT 2011Data Interpretation & LRData Interpretation BasicsHARD+1 / −0.25
Passage

Based on the following information


Total income tax payable is obtained by adding two additional surcharges on calculated income tax.

Education Cess : An additional surcharge called ‘Education Cess’ is levied at the rate of 2% on the amount of income tax.

Secondary and Higher Education Cess : An additional surcharge called ‘Secondary and Higher Education Cess` is levied at the rate of 1% on the amount of income tax.

Mr. Madan observed his tax deduction at source, done by his employer, as Rs. 3,17,910/-. What was his total income (in Rs.) if he neither has to pay any additional tax nor is eligible for any refund?

Select an option to reveal the answer and explanation

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