Advertisement Remove all ads

A Company Pays a Dividend of 15% on Its Ten-rupee Shares from Which It Deducts Income Tax at the Rate of 22%. Find the Annual Income of a Man Who Owns One Thousand Shares of this Company. - Mathematics

Sum

A company pays a dividend of 15% on its ten-rupee shares from which it deducts income tax at the rate of 22%. Find the annual income of a man who owns one thousand shares of this company.

Advertisement Remove all ads

Solution

Nominal value of 1 share = Rs 10

Nominal value of 1000 shares = 1000 × 10 = Rs 10,000

∴ Dividend =15% of Rs 10000

`= 15/100 xx 10000 = "Rs"  1500`

∴ Income tax paid = 22% of Rs 1500

`= 22/100 xx 1500 = "Rs"  330`

His net income = Rs 1,500 – Rs 330 = Rs 1,170

  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Selina Concise Maths Class 10 ICSE
Chapter 3 Shares and Dividend
Exercise 3 (A) | Q 12 | Page 29
Advertisement Remove all ads

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×