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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 :

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)
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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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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