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Gross Amount Given

Salary = Rs. 1000 (Gross)

Annual Income (AI) = Salary x 52

Annual Tax (AT) = 30% of AI

Levy = 2.04% of AT

This is simple I got this point


Salary = Rs. 1000 (NET)

Annual Income (AI) = Salary x 52

Annual Tax (AT) = **?**

Levy = **?**

What is the solution here??

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You'll need to give more context. What are you trying to calculate? My best guess from the incomplete information you've given so far is that the first question mark might be asking for the percentage of the net annual income that would correspond to an annual tax of 30% on the gross annual income? –  joriki Sep 30 '11 at 9:31
Can I calculate AT and Levy for NET amount? provided I know that AT is 30% of AI when Gross amount is given. But is it possible to predict something when NET amount is given???? –  DShah Sep 30 '11 at 12:05

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