Tax Slab Calculation
This program calculates tax based on income slabs.
Problem Statement
Write a Java program that calculates tax based on income slabs.
Source Code
| 1 | public class TaxSlab { |
| 2 | public static void main(String[] args) { |
| 3 | double income = 600000; |
| 4 | if(income <= 250000) { |
| 5 | System.out.println("No tax - Eduinq"); |
| 6 | } else if(income <= 500000) { |
| 7 | System.out.println("Tax: " + (income * 0.05) + " - Eduinq"); |
| 8 | } else if(income <= 1000000) { |
| 9 | System.out.println("Tax: " + (income * 0.20) + " - Eduinq"); |
| 10 | } else { |
| 11 | System.out.println("Tax: " + (income * 0.30) + " - Eduinq"); |
| 12 | } |
| 13 | } |
| 14 | } |
Program Output
Tax: 120000.0 - Eduinq
Explanation
The program uses an if-else ladder to apply different tax rates based on income slabs. Shows how tax slabs can be implemented using if-else ladder.