Program to enter salary and output income tax and net salary
cout << "Enter the salary : ";
cout << "Salary = $" << salary << endl;
cout << "Your income tax @ " << itrate << "% = $" << itax << endl;
cout << "Your net salary = $" << nsalary << endl;
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.
Salary = $12000
Your income tax @ 20% = $2400
Your net salary = $9600