Tax calculating program in Python

This program is used to calculate tax in the Python programming language.

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Tax calculating Program in Python

This Tax calculating algorithm is very in this program we can improve this algorithm a lot.

Note: this is a very basic implementation of tax calculation. One should not use this to calculate the real tax to submit in real life, this is just a simulator for practice purposes.

Algorithm: 

First, we are asking for user input to get the total income and total saving, then we are checking for total taxable income by reducing savings from total_income. Then we are checking for various checks for tax bands.

Implementation: 

Code
 #code
#Tax calculating program in python 
#By Rahul Rajput

total_income=int(input("Please enter you total income: "))
print("700000")
total_saving=int(input("Please enter you total saving: "))
print("50000")
tax_exemption_limit=500000
tax_10_percent=750000
tax_20_percent=1000000
tax_30_percent=1250000
total_taxable_income=total_income - total_saving
tax=0.0
if total_taxable_income <= tax_exemption_limit :
    print("You are not earning enough please work hard!!!  (<!>)")
elif total_taxable_income <= tax_10_percent:
    tax = (total_taxable_income - tax_exemption_limit) / 10.0
elif total_taxable_income <= tax_20_percent:
    tax = (total_taxable_income - tax_exemption_limit) / 5.0
elif total_taxable_income <= tax_30_percent:
    tax = ((total_taxable_income - tax_exemption_limit) * 3 )/ 10.0
else:
    tax = ((total_taxable_income - tax_exemption_limit) * 3 )/ 10.0

print("Total calculated tax is " + str(tax))

Output

Sample output of this program






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check bubble sort in python click here

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