Employee Salary

Employee Salary

Write Python script for the following:                                                                                 

Create a class Employee with three instance variables named: employee_id,  employee_name and basic_pay.  In this, employee id and name are string values and basic pay is a float value.   This class is also contains a member function ‘calculate_net_salary()’  –  this method should calculate and return the net salary of employees. 

The net salary should be calculated using the formula:  net salary=(basic pay+DA+TA+HRA)-PF

where:

DA is 10% of basic pay.

TA is 5% of basic pay.

HRA is 8% of basic pay.

PF is 10% of basic pay.

Get employee id, name and basic pay from the user and store those values into the variables; eid, ename and basic_pay respectively. 

Create an object for the ‘Employee’ class by invoking a parameterized constructor with three arguments: employee id, name and basic pay. The object name should be ‘emp_obj’.   Finally, display the id, name and net salary of the employee as shown in the sample output.

Refer the sample input and output statements for more clarifications.

Note: 

Strictly follow the naming conventions for variable objects and functions as specified in the problem description.

Sample Input:

Enter the employee id: E101

Enter the name : Jane

Enter the basic pay : 20000

Sample Output :Employee Id: E101
Employee Name: Jane
Net Salary : 22600.00 

Code :-

class Employee:
    def __init__(self,employee_id,employee_name,basic_pay):
        self.employee_id=employee_id
        self.employee_name=employee_name
        self.basic_pay=basic_pay
    
    def calculate_net_salary(self):
        da=self.basic_pay*10/100
        ta=self.basic_pay*5/100
        hra=self.basic_pay*8/100
        pf=self.basic_pay*10/100
        net_pay=(self.basic_pay+da+ta+hra)-pf
        return net_pay
eid=input("Enter the employee id:")
ename=input("Enter the employee name:")
basic_pay=float(input("Enter the basic pay:"))

emp_obj=Employee(eid,ename,basic_pay)

print("\nEmployee Id:",emp_obj.employee_id)
print("Employee Name:",emp_obj.employee_name)

net_salary=emp_obj.calculate_net_salary()
print("Net Salary :%.2f" %net_salary)