Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505

Question - Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

Options:

A . Rs 50000

B . 20%

C . 25%

D . Rs 10000

Answer: Option B
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

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