Question

Define a class IncomeTax and input the pan number, name, taxincome. Calculate and display the income tax as per the slab given below.
Slab to calculate income tax:
Total Annual Taxable income Tax Rate
Upto 1,00,000 no tax
From 1,00,001 to 1,50,000 10% of the income exceeding 1,00,000
From 1,50,001 to 2,50,000 5000+20%of the income exceeding 1,50,000
Above 2,50,000 25,000+30% of the income exceeding 2,50,000
java program

Answer 1

Answer:

Define a class IncomeTax and input the pan number, name, taxincome. Calculate and display the income tax as per the slab given below.

Slab to calculate income tax:

Total Annual Taxable income Tax Rate

Upto 1,00,000 no tax

From 1,00,001 to 1,50,000 10% of the income exceeding 1,00,000

From 1,50,001 to 2,50,000 5000+20%of the income exceeding 1,50,000

Above 2,50,000 25,000+30% of the income exceeding 2,50,000

java program