![After tax income under current tax system and reformed scenario, employee | Download Scientific Diagram After tax income under current tax system and reformed scenario, employee | Download Scientific Diagram](https://www.researchgate.net/publication/264057581/figure/fig1/AS:392485365927945@1470587211868/After-tax-income-under-current-tax-system-and-reformed-scenario-employee.png)
After tax income under current tax system and reformed scenario, employee | Download Scientific Diagram
![Read the following which is taken from an income statement.Rs.Opening stock 50,000 Sales 1,60,000 Freight incurred 10,000 Sales retunrs 10,000 Gross profit on sales 60,000 Net loss for the year 10,000 Purchases Read the following which is taken from an income statement.Rs.Opening stock 50,000 Sales 1,60,000 Freight incurred 10,000 Sales retunrs 10,000 Gross profit on sales 60,000 Net loss for the year 10,000 Purchases](https://dwes9vv9u0550.cloudfront.net/images/4790563/be0ed23b-0786-47e9-bb26-0c3cff1c768d.jpg)
Read the following which is taken from an income statement.Rs.Opening stock 50,000 Sales 1,60,000 Freight incurred 10,000 Sales retunrs 10,000 Gross profit on sales 60,000 Net loss for the year 10,000 Purchases
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