Question

Write a java program with the initialization earning of an employee.

The program should calculate the income tax to be paid by the employee as per the criteria given below:

Slab rate IT rate

Upto Rs. 50,000 Nil

Upto Rs. 60,000 10% on additional amount

Upto Rs. 1,50,000 20% on additional amoun

Above Rs. 1,50,000 30% on the additional amount

Hint: - Run: - java calculates 1,25,000

Answer 1

Answer:

The program should calculate the income tax to be paid by the employee as per the criteria given below:Slab rate IT rate Upto Rs. 50,0.

Answer 2

Answer:

Output:

Enter income 1,25,000

Income tax amount is 23000.0

Explanation:

import java.util.Scanner;

class Income

{

public static void main(String args[])

{

double tax=0,it;

Scanner sc=new Scanner(System.in);

System.out.println("Enter income ");

it=sc.nextDouble();

if(it<=50000)

 tax=0;

else if(it<=60000)

 tax=0.1*(it-50000);

else if(it<=150000)

 tax=(0.2*(it-60000))+(0.1*100000);

 else

 tax=(0.3*(it-150000))+(0.2*90000)+(0.1*10000);

System.out.println("Income tax amount is "+tax);

}

}