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Get access to the detailed solutions to the previous year's questions asked in XAT exam.
Minimum tax paid would be = (15*0)+(6*1500*0.05)+(3*3000*0.10)= 450+900 = 1350
Maximum tax paid will be = (15*0) + (12*1500*0.05) + (9*3000*0.10) +(5*5000*0.15) = 0+900+2700+3750 = 7350
Since we have approximate the value so the actual minimum tax will be greater than 1350 and actual maximum tax will be less than 7350