Question

Write a Python program. Accept salary from the user. Calculate 15% tax on the salary and display the payable tax as a whole number.

Answer 1

Answer:

if income <= 250000: #2 Lakh 50 thousand

tax = 0

elif income <= 500000: #5 Lakh

tax = (income - 250000) * 0.05

elif income <= 750000: #7 lakh 50 thousand

tax = (income - 500000) * 0.10 + 12500

elif income <= 1000000: #10 Lakh

tax = (income - 750000) * 0.15 + 37500

elif income <= 1250000: #12 lakh 50 thousand

tax = (income - 1000000) * 0.20 + 75000

elif income <= 1500000: #15 lakh

tax = (income - 1250000) * 0.25 + 125000

else:

tax = (income - 1500000) * 0.30 + 187500

print("you owe", tax, "Rupees in tax!")

Explanation:

take the loop of 15% taxable and accept the salary statement