tax.py

# Accept user income as float (to allow decimal values)
income = float(input("Enter Your Income in INR: "))

# -----------------------------------------
# Define tax slab limits and rates

first_limit = 500_000        # First threshold (up to 5 lakhs is tax-free)
second_limit = 1_000_000     # Second threshold (10 lakhs)
first_rate = 0.10            # 10% tax rate on income above 5L up to 10L
second_rate = 0.20           # 20% tax rate on income above 10L

# Pre-calculate tax for income between 5L and 10L (fixed slab tax)
first_limit_tax = (second_limit - first_limit) * \
    first_rate  # 10% of 5L = 50,000

# -----------------------------------------
# Apply Tax Logic Based on Slabs

if income > second_limit:
    # For income above 10L: Apply 20% on amount exceeding 10L
    # Add fixed tax of 50,000 for income between 5L and 10L
    tax = ((income - second_limit) * second_rate) + first_limit_tax
    print("Your Tax Liability is INR:", tax)

elif income > first_limit:
    # For income between 5L and 10L: Apply 10% on amount above 5L
    tax = (income - first_limit) * first_rate
    print("Your Tax Liability is INR:", tax)

else:
    # For income up to 5L: No tax
    print("You are exempt from Tax")