From the following information, ascertain the percentage change in profit after tax
| Particulars | 2024-25 | 2025-26 |
| Profit before tax | 7,50,000 | 15,60,000 |
| Income Tax | 30% | 40% |
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 78.28%
Profit after tax = profit before tax − income tax, and the percentage change = change ÷ earlier year’s figure × 100.
Profit after tax:
2024-25 = Rs. 7,50,000 − 30% tax = Rs. 7,50,000 × 70% = Rs. 5,25,000
2025-26 = Rs. 15,60,000 − 40% tax = Rs. 15,60,000 × 60% = Rs. 9,36,000
Percentage change:
Change = Rs. 9,36,000 − Rs. 5,25,000 = Rs. 4,11,000
Rs. 4,11,000 ÷ Rs. 5,25,000 × 100 = 78.2857%, which the option gives as 78.28%
NCERT (2026-27 edition):
|
