Babu, 56 years old has 5 crore black money. How much money (in crores) will he get after giving tax to the govt. and pen

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Q 2433001842.     Due to demonetization of 500 Rs. and 1000 Rs. note, following rules are applicable to the people in the country —

`text(Note- 1.)`

Following age group will be applicable-
1. 0 – 8 years old → children
2. 9 – 45 Male / Female
3. < 45 senior citizen

`text(Note-2.)`

Following tax slabs will be applilcable-
1. No tax → 0 – 250000 Rs.
2. 10% → 250000 - 500000 Rs.
3. 20% → 500000 - 1000000 Rs.
4. 30% → <1000000 Rs.
Babu, 56 years old has 5 crore black money. How much money (in crores) will he get after giving tax to the govt. and penalty on it?
RRB-CLERK 2016 Mains 2001
A

2.95

B

3.05

C

3.95

D

4.05

E

0.95

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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