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  • Tax Slab Code

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    Abhay Kamble
    21 views1 page
    The document contains code to calculate income tax owed based on annual income. It prompts the user to enter their annual income, defines tax slabs as dictionary with percentages, and uses if/elif statements to check the income against thresholds to determine the applicable tax slab percentage and calculate approximate tax amount. The code then prints the results and requests re-running to check again.

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    Original Title

    tax slab code

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    The document contains code to calculate income tax owed based on annual income. It prompts the user to enter their annual income, defines tax slabs as dictionary with percentages, and uses if/elif statements to check the income against thresholds to determine the applicable tax slab percentage and calculate approximate tax amount. The code then prints the results and requests re-running to check again.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    21 views1 page

    Tax Slab Code

    Uploaded by

    Abhay Kamble
    The document contains code to calculate income tax owed based on annual income. It prompts the user to enter their annual income, defines tax slabs as dictionary with percentages, and uses if/elif statements to check the income against thresholds to determine the applicable tax slab percentage and calculate approximate tax amount. The code then prints the results and requests re-running to check again.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    of 1

    income = int(input('please enter your annual imcome!

    (please enter numbers only)'))

    tax_slabs = {'slab1':"No
    Tax!!",'slab2':5,'slab3':10,'slab4':15,'slab5':20,'slab6':25,'slab7':30,}

    if income <= 250000:


    print('you wont have to pay income tax as your income is less than25000')
    elif (income>=250001) and (income<=500000):
    print('your tax slab is {}% and approx amount would be
    {}'.format(tax_slabs['slab2'],(tax_slabs['slab2']*income)/100))
    elif (income>=500001) and (income<=750000):
    print('your tax slab is {}% and approx amount would be
    {}'.format(tax_slabs['slab3'],(tax_slabs['slab3']*income)/100))
    elif (income>=750001) and (income<=100000):
    print('your tax slab is {}% and approx amount would be
    {}'.format(tax_slabs['slab4'],(tax_slabs['slab4']*income)/100))
    elif (income>=1000001) and (income<=1250000):
    print('your tax slab is {}% and approx amount would be
    {}'.format(tax_slabs['slab5'],(tax_slabs['slab5']*income)/100))
    elif (income>=1250001) and (income<=1500000):
    print('your tax slab is {}% and approx amount would be
    {}'.format(tax_slabs['slab6'],(tax_slabs['slab6']*income)/100))
    elif (income>1500000):
    print('your tax slab is {}% and approx amount would be
    {}'.format(tax_slabs['slab7'],(tax_slabs['slab7']*income)/100))

    print('to check again,please re-run the program')

    **annual income = 350001**

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