Calculate Profit/(Loss) for the period from the following.
|
Revenue from operation |
₹60,00,000 |
|
Other income |
₹1,50,000 |
|
Income tax |
35% |
|
Employees benefit expense |
₹4,00,000 |
|
Other expenses |
₹40,00,000 |
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → ₹11,37,500
Total revenue = ₹60,00,000 + ₹1,50,000 = ₹61,50,000
Total expenses = ₹4,00,000 + ₹40,00,000 = ₹44,00,000
Profit before tax = ₹61,50,000 − ₹44,00,000 = ₹17,50,000
Tax @ 35% = ₹6,12,500
Profit for the period (after tax) = ₹17,50,000 − ₹6,12,500 = ₹11,37,500
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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