unsupported class version - java.lang.UnsupportedClassVersionError

When I ran a java program I received this error.. Could you please suggest why do we get this error:

Exception in thread "main" java.lang.UnsupportedClassVersionError: 
    GenerateInvoice (Unsupported major.minor version 49.0)
        at java.lang.ClassLoader.defineClass0(Native Method)
        at java.lang.ClassLoader.defineClass(ClassLoader.java:539)
        at java.security.SecureClassLoader.defineClass(SecureClassLoader.java:123)
        at java.net.URLClassLoader.defineClass(URLClassLoader.java:251)
        at java.net.URLClassLoader.access$100(URLClassLoader.java:55)
        at java.net.URLClassLoader$1.run(URLClassLoader.java:194)

        at java.security.AccessController.doPrivileged(Native Method)
        at java.net.URLClassLoader.findClass(URLClassLoader.java:187)
        at java.lang.ClassLoader.loadClass(ClassLoader.java:289)
        at sun.misc.Launcher$AppClassLoader.loadClass(Launcher.java:274)
        at java.lang.ClassLoader.loadClass(ClassLoader.java:235)
        at java.lang.ClassLoader.loadClassInternal(ClassLoader.java:302)