Payslip Computation

An organisation has 96 employees who are divided into 4  grades as per their basic pay in the following way-

       Grade-I:  Basic  : Rs.10,000 p.m or more

                        D.A     : 40% of Basic

                        H.R.A     : 30% of Basic

       Grade-II:  Basic  : Rs.5,000 p.m or more but less than Rs.10,000

                          D.A     : 40% of Basic

                          H.R.A    : 25% of Basic

       Grade-III:  Basic : < Rs.5, 000 but > Rs.2, 000 p.m

                           D.A   : 30% of Basic

                           H.R.A   : 20% of Basic

       Grade-IV:  Basic  : Rs.2,000 p.m or less

                           D.A    : 30% of Basic

                           H.R.A   : 15% of Basic

If the Salary ( ie total of Basic, D.A and H.R.A) is above Rs.50,000 per annum then income tax at a rate of 30% of the annual salary exceeding Rs.50,000 is deducted on monthly basis at source. 

Taking name of the employee and the Basic (monthly) as inputs, a pay slip for each employee is to be generated.

CODING

def grade1(basic):

    da=1

    hra=1

    da=0.4*basic

    hra=0.3*basic

    net=basic+da+hra

    return net

def grade2(basic):

    da=1

    hra=1

    da=0.4*basic

    hra=0.25*basic

    net=basic+da+hra

    return net

def grade3(basic):

    da=1

    hra=1

    da=0.3*basic

    hra=0.20*basic

    net=basic+da+hra

    return net

def grade4(basic):

    da=1

    hra=1

    da=0.3*basic

    hra=0.15*basic

    net=basic+da+hra

    return net

basic=int(input("Monthly salary"))

name=input("Name of employee")

if(basic>10000):

    net=grade1(basic)

if(basic>5000 and basic<=10000):

    net=grade2(basic)

if(basic>2000 and basic<=5000):

    net=grade3(basic)

if(basic<=2000):

    net=grade4(basic)

if(net>50000):

    exceed=net-50000

    tax=0.3*exceed

    tax=tax/12

else:

    tax=0

net=net-tax

print("Basic salary", basic)

print("Net Salary", net)

print("Income Tax", tax)

PAYSLIP

Monthly salary 40000

Name of employee Shinjini Das

Basic salary 40000

Net Salary 67550.0

Income Tax 450.0