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Tax Calculator

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darrendeepak2007
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8 views6 pages

Tax Calculator

fg

Uploaded by

darrendeepak2007
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COMPUTER PROJECT

Submitted by : Darren Deepak


QUESTION
Develop a console based application using Java to calculate taxable income(only
direct tax)

CODE
import java.util.*;

public class taxINC

double inc,ded,gross,tax;int age;

public void accept()

Scanner sc=new Scanner(System.in);

System.out.println("\t\t\t\t\t Welcome to online tax calulator ");

System.out.println("\t\t\t\
t___________________________________________________");

System.out.println("Enter your Age-");

age=sc.nextInt();

System.out.println("\nEnter Your Incomes");

System.out.print("Basic Salary-");

inc+=sc.nextDouble();

System.out.print("DA-");

inc+=sc.nextDouble();

System.out.print("Conveyance Allowance-");

inc+=sc.nextDouble();

System.out.print("HRA-");

inc+=sc.nextDouble();

System.out.print("Medical Allowances-");

inc+=sc.nextDouble();

System.out.print("Other Allowances-");

SU
inc+=sc.nextDouble();

System.out.print("Incentives-");

inc+=sc.nextDouble();

public void deduction()

System.out.println("\nEnter Your Deductions");

Scanner sc=new Scanner(System.in);

System.out.print("HRA Exempt-");

ded+=sc.nextDouble();

System.out.print("Conveyance Allowance Exempt-");

ded+=sc.nextDouble();

System.out.print("Standard Deduction-");

ded+=sc.nextDouble();

System.out.print("Deduction(Interest on housing loan)-");

ded+=sc.nextDouble();

public void lessdeduction()

Scanner sc=new Scanner(System.in);

System.out.print("Tax Exemption FD-");

ded+=sc.nextDouble();

System.out.print("PPF-");

ded+=sc.nextDouble();

System.out.print("NPS-");

SU
ded+=sc.nextDouble();

System.out.print("Home Loan Repayment(Principal)-");

ded+=sc.nextDouble();

System.out.print("Tution Fee-");

ded+=sc.nextDouble();

System.out.print("Post Office Investment-");

ded+=sc.nextDouble();

System.out.print("Others(investment in mutual funds etc.)-");

ded+=sc.nextDouble();

System.out.print("NPS Contribution-");

ded+=sc.nextDouble();

System.out.print("NSC-");

ded+=sc.nextDouble();

System.out.print("Donation U/s 80G-");

ded+=sc.nextDouble();

System.out.print("Employee's Contribution to Employee Provident Fund-");

ded+=sc.nextDouble();

System.out.print("80D-Mediclaim Premium-");

ded+=sc.nextDouble();

gross=inc-ded;

public void calc()

if(age<60)

if(gross<=300000)

tax=0;

SU
else if(gross>300000&&gross<=600000)

tax=0.05*(gross-300000);

else if(gross>600000&&gross<=900000)

tax=(15000)+0.1*(gross-600000);

else if(gross>900000&&gross<=1200000)

tax=(45000)+0.15*(gross-900000);

else if(gross>1200000&&gross<=1500000)

tax=(90000)+0.2*(gross-1200000);

else

tax=(150000)+0.3*(gross-1500000);

else if(age>60&&age<=80)

if(gross<=300000)

tax=0;

else if(gross>300000&&gross<=500000)

tax=0.05*(gross-300000);

else if(gross>500000&&gross<=1000000)

tax=(10000)+0.2*(gross-5000000);

else

tax=(110000)+0.3*(gross-1000000);

else

if(gross<=500000)

tax=0;

SU
else if(gross>500000&&gross<=1000000)

tax=0.2*(gross-500000);

else

tax=(100000)+0.3*(gross-1000000);

public void display()

System.out.println(" \n RESULT:-");

System.out.println("\n\t\tTaxable Income - ₹"+gross+"/-");

System.out.println("\t\tIncome Tax - ₹"+tax+"/-");

public static void main(String args[])

taxINC obj=new taxINC();

obj.accept();

obj.deduction();

obj.lessdeduction();

obj.calc();

obj.display();

SU

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