Question

Write a program to compute the tax according to the Annual Taxable Income, given the following conditions and

print it.

Total annual taxable income Tax Rate

Up to Rs. 1,00,000 No tax

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

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

Above Rs. 2,50,000 Rs. 25,000 + 30% of income exceeding Rs.2,50,000​

Answer 1

Answer:

Write a program to compute the tax according to the Annual Taxable Income, given the following conditions and

print it.

Total annual taxable income Tax Rate

Up to Rs. 1,00,000 No tax

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

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

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