Program to enter salary and output income tax and net salary #include <iostream.h>
#include <conio.h>
void main()
{
clrscr();
int itrate;
float salary,itax,nsalary=0;
cout << "Enter the salary : ";
cin>>salary;
if(salary>15000)
{
itax=salary*30/100;
itrate=30;
}
else if(salary>=7000)
{
itax=salary*20/100;
itrate=20;
}
else
{
itax=salary*10/100;
itrate=10;
}
nsalary=salary-itax;
cout << "Salary = $" << salary << endl;
cout << "Your income tax @ " << itrate << "% = $" << itax << endl;
cout << "Your net salary = $" << nsalary << endl;
getch();
}
This program takes in the salary of the employee as a screen input from the user.
It then deducts the income tax from the salary on the following basis :
30% income tax if the salary is above $15000.
20% income tax if the salary is between $7000 and $15000.
10% income tax if the salary is below $7000.
The salary, income tax and the net salary is then outputted using the 'cout' command.
Sample Input 12000
Sample OutputSalary = $12000
Your income tax @ 20% = $2400
Your net salary = $9600