If rate of income tax is increased from 20% to 25% find the additional amount of tax a person has to pay. if his total income is tk 40,000 ?

If rate of income tax is increased from 20% to 25% find the additional amount of tax a person has to pay. if his total income is tk 40,000 ?

A tk 2000

B tk 2500

C tk 8000

D tk 10000

Solution

Correct Answer: Option A