question from the book -ML aggarwal( avichal publication)class 10th , chapter3, shares and dividends

what we have been is given that :-

A company pays a dividend of 15% on its ten-rupee shares and from which it deducts income tax at the rate of 22%. so how to Find the annual income of a man who owns one thousand shares of this company. please provide explanation sothat all question of this type can be solved easily.

Q no. 14, exercise 3, ML Publication, share and dividends

Nominal value of 1 share = Rs. 10

Nominal value of 1000 shares = 1000 × 10

= Rs. 10,000

∴ Dividend = 15 % of Rs. 10,000

= (15/100) ×10,000=.1,500

∴ Income tax paid = 22 % of Rs. 1,500

= (22/100) ×1,500=.330

His net income = Rs. 1,500 – Rs. 330

= Rs. 1,170 Ans.