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
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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
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