coding solution and publishing

 

New Tax Regime coding solutions:

import java.util.Scanner;

public class NewTaxRegime{

public static void main(String[] args){

double income,resultA, resultB;

final double taxA=12500;

final double taxB=37500;

final double taxC=75000;

final double taxD=125000;

final double taxE=187500;

final double incomeA =250000;

final double incomeB =500000;

final double incomeC =750000;

final double incomeD =1000000;

final double incomeE =1250000;

final double incomeF =1500000;

System.out.println("Enter your Anully Income :");

try (Scanner obj = new Scanner(System.in)) {

  income = obj.nextDouble();

}

//Income <= 250000 Tax zero

if(income <= incomeA){

  System.out.print("Your income is Rs "+income+ " and you are Exempt from Income Tax..");

  // Income <=500000 Tax 5%

}else if (income > incomeA  && income<= incomeB) {

  resultA=(double)(income-incomeA);

  resultB=(double)(resultA*0.05);

  System.out.println("Your income is RS "+income+ " and your Income Tax is " +resultB);

  //Income <=750000 Tax 12500 + 10%

} else if(income > incomeB && income <= incomeC){

  resultA=(double)(income-incomeB);

  resultB=(double)(resultA*0.10 + taxA);

  System.out.println("Your income is RS "+income+ " and your Income Tax is RS " +resultB);

  //Income <=1000000 Tax 37500 + 15%

}else if(income > incomeC && income <= incomeD){

    resultA=(double)(income-incomeC);

    resultB=(double)(resultA*0.15 + taxB);

    System.out.println("Your income is RS "+income+ " and your Income Tax is RS " +resultB);

    //Income <=1250000 Tax 75000 + 20%

}else if(income > incomeD && income <= incomeE){

    resultA=(double)(income-incomeD);

    resultB=(double)(resultA*0.20 + taxC);

    System.out.println("Your income is RS "+income+ " and your Income Tax is RS " +resultB);

    //Income <=1500000 Tax 125000 + 25%

}else if(income > incomeE && income <= incomeF){

    resultA=(double)(income-incomeE);

    resultB=(double)(resultA*0.25 + taxD);

    System.out.println("Your income is RS "+income+ " and your Income Tax is RS " +resultB);  

     //Income > 1500000 Tax 150000 + 30%    

}else{

  resultA=(double)(income-incomeF);

  resultB=(double)(resultA*0.30 + taxE);

  System.out.println("Your income is RS "+income+ " and your Income Tax is RS " +resultB);

}

}

}