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Define a class IncomeTax and input the pan number, name, taxincome. Calculate and display the income tax as per the slab given below. Slab to calculate income tax: Total Annual Taxable income Tax Rate Upto 1,00,000 no tax From 1,00,001 to 1,50,000 10% of the income exceeding 1,00,000 From 1,50,001 to 2,50,000 5000+20%of the income exceeding 1,50,000 Above 2,50,000 25,000+30% of the income exceeding 2,50,000 java program

Answer»

ong>Answer:

DEFINE a class IncomeTax and INPUT the pan number, NAME, taxincome. Calculate and display the income tax as per the slab GIVEN below.

Slab to calculate income tax:

Total ANNUAL Taxable income Tax Rate

Upto 1,00,000 no tax

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

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

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

java program



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