Student need to draw the process flow for calculating the Income tax of an employee. Write a java program which 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 amount Above Rs. 1,50,000 30% on additional amount Hint: - Income tax calculation formula: Slab rate(percentage) / Annual income * 100 Annual Income calculation formula : monthly income * 12 Final output : Name of the Employee: Employee ID number: Monthly income : Annual income : Tax amount need to pay :
Student need to draw the process flow for calculating the Income tax of an employee. Write a java program which 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 amount Above Rs. 1,50,000 30% on additional amount Hint: - Income tax calculation formula: Slab rate(percentage) / Annual income * 100 Annual Income calculation formula : monthly income * 12 Final output : Name of the Employee: Employee ID number: Monthly income : Annual income : Tax amount need to pay :
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Student need to draw the process flow for calculating the Income tax of an employee. Write a java program which 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 amount
Above Rs. 1,50,000 30% on additional amount
Hint: - Income tax calculation formula: Slab rate(percentage) / Annual income * 100
Annual Income calculation formula : monthly income * 12
Final output :
Name of the Employee:
Employee ID number:
Monthly income :
Annual income :
Tax amount need to pay :
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