# project

1. Assume 30 days in a month.

2. Tax Rate for contractors is 10%

3. For Salaried employees:

a. DA - 75% of Basic salary.

b. HRA - 20% of Basic Salary

c. Medical - 1250 per month.

d. HRA and Medical is Tax Exempt.

e. Tax Rates are (which are to be applied marginally to each bracket):

The candidate should write Java code, so as to: 1. Compute Gross Monthly Salary for all employees

1. Calculate Tax

2. Calculate Net Monthly Salary

3. Store back this data in the correct place

June 15, 2012 at 5:48 PM

The given code calculates the employees gross monthly salary, tax, net monthly salary.

```import java.util.*;
import java.text.*;

class CalculateSalary
{
public static void main(String[] args){
Scanner input=new Scanner(System.in);
System.out.print("Enter Basic: ");
double basic=input.nextDouble();
System.out.print("Enter Tax(%): ");
double tax=input.nextDouble();

double tda=basic*.75;
double thra=basic*.20;
int medical=1250;
double grosssalary=tda+thra+basic+medical;
System.out.println("Gross Salary: "+grosssalary);
double taxpaid=tax/100;
double t=taxpaid * grosssalary;
System.out.println("Tax to be paid is: "+t);
double netsalary=grosssalary-t;
System.out.println("Net Salary: "+netsalary);
DecimalFormat df=new DecimalFormat("##.##");
System.out.println(df.format(netsalary));
}
}
```

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