question_answer

A man income is increased by Rs.5000 and at the same time, the rate of tax to be paid reduced from 10% to 9%. He now pays the same amount of tax as before. What is his increased income if 20% of his income is exempted from tax in both cases?

A) Rs. 30000

B) Rs. 60000

C) Rs. 40000

D) Rs. 50000

E) Rs. 20000