This README would normally document whatever steps are necessary to get the application up and running.
Things you may want to cover:
-
Ruby version
-
System dependencies
-
Configuration
-
Database creation
-
Database initialization
-
How to run the test suite
-
Services (job queues, cache servers, search engines, etc.)
-
Deployment instructions
-
...
response get { "employee_code": 1, "first_name": "Ram kumar", "last_name": "Yadav", "yearly_salary": "4000000.0", "phone_numbers": [ "1234567890", "1111111111" ], "tax_amount": "662499.65", "cess_amount": "30000.0" }
question is 2. API endpoint to return employees' tax deduction for the current financial year(April to March). API should return employee code, first name, last name, yearly salary, tax amount, cess amount.
Tax slabs on yearly salary:
No Tax for <=250000
5% Tax for >250000 and <=500000
10% Tax for >500000 and <=1000000
20% Tax for >1000000
(Ex: if salary is 750000, for first 250000 no tax, for 250001 to 500000 tax is 12500, for 500001 to 750000 tax is 25000 and total tax is 37500)
Rules:
Consider the DOJ while calculating total salary(If the employee joined on May 16th, we should not include April month salary and May month's 15 days salary in total salary)
Collect additional 2% cess for the amount more than 2500000 (ex: yearly salary is 2800000 then collect 2% cess for 300000)
Others:
Total Salary: Salary * Number of months
Loss of pay per day: Salary / 30