Accept income of a person and calculate the income tax on the basis of the following: [15]
Income Tax
Up to Rs 100000 nil
>100000 and up to 250000 7%
>250000 and up to 400000 15%
>400000 and up to 1000000 25%
>1000000 45%
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Python Code
inc = int(input("Enter your average income: "))
if(inc <= 100000):
print("No income tax")
elif(inc > 100000 && inc < 250000):
income_tax = inc * 7/100
print("Your income tax is", income_tax)
elif(inc > 250000 && inc < 400000):
income_tax_1 = inc * 15/100
print("Your income tax is", income_tax_1)
elif(inc > 400000 && inv < 1000000):
income_tax_2 = inc * 25/100
print("Your income tax is", income_tax_2)
elif(inc > 1000000):
income_tax_3 = inc * 45/100
print("Your income tax is", income_tax_3)
else:
print("Error there's something wrong")
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