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🇮🇳 India Tax Regime Calculator

A React-based web application that helps compare tax liabilities under India's New vs Old tax regimes with detailed breakdowns.

Features

  • 🆕 New Regime Calculator (2023 tax slabs)
  • 🏛️ Old Regime Calculator (pre-2023 tax slabs)
  • 📊 Side-by-side comparison of tax liabilities
  • 💰 In-hand salary calculations
  • 📈 Detailed breakdown of deductions and exemptions
  • 🔄 Automatic PF contribution synchronization
  • 📱 Responsive Material-UI design

Installation

  1. Clone the repository
git clone https://github.com/yourusername/india-tax-calculator.git
cd india-tax-calculator
  1. Install dependencies
npm install
  1. Start the development server
npm start

Usage

  1. Choose between New/Old regime using the navigation bar
  2. Enter your annual salary details
  3. Provide PF contributions (employer + employee)
  4. Add applicable deductions:
    • New Regime: Standard deduction (₹75k auto-applied)
    • Old Regime: HRA, Section 80C/D/EE, home loan interest, etc.
  5. Click "Calculate" to see detailed breakdown:
    • Tax liability
    • Effective tax rate
    • Monthly/Annual in-hand salary
    • Total deductions

About

Old and New Regime Tax and Income Calculator

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