Question

The income tax of an employee is computed
as per othe following rates :
income
Tax
up to Rs 40, 000
Nil
Next Rs 30,000
20%
Next Rs 30 000
30%
Above Rs 1,00.000
40%
wite a program in Jana to accept
income of an
an employee
calculate and print
his income Tax.​

Answer 1

Explanation:

Income Tax Slabs & Rates 2020-2021

Income Tax Slab Tax rates as per new regime

₹0 - ₹2,50,000 Nil

₹2,50,001 - ₹ 5,00,000 5%

₹5,00,001 - ₹ 7,50,000 ₹12500 + 10% of total income exceeding ₹5,00,000

₹7,50,001 - ₹ 10,00,000 ₹37500 + 15% of total income exceeding ₹7,50,000