There are hundred thousands in one lac.
1 Lac = 100,000
One million equals 10 lacs. 1,000,000 is one million One Million=Ten Lacs=10,00000 One Billion=Ten Thousand Lacs=10,000,00000 One Trillion=Ten Thousand Thousand Lacs=10,000,000,00000
100 lac
80 lacs in 8 million
1 million = 10 lacs
100
1000
0.1 million.
25 LACS
200,000rupees
5 lacs
There are one thousand thousands in one million.
You have to pay only for 2.5 lacs, where upto 2 lacs is nil and above 2 lacs would be 10% (if am not wrong). For 2.5 lacs, (250000*10/100) = 25000 would be your deduction (roughly!) You can evade by producing, rent receipts, investment in lic, paid medical bills upto 15000, children's tuition fees and many more! Boss, I have to show for 5.5 lacs as tax alone! I am the one supposed to ask the question here :D