https://github.com/khushiisaxena/tax-calculator

A website that helps you to calculate your tax. The application uses a simple and intuitive user interface to input the necessary details and provides the calculated tax amount.
https://github.com/khushiisaxena/tax-calculator

Last synced: about 1 month ago
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A website that helps you to calculate your tax. The application uses a simple and intuitive user interface to input the necessary details and provides the calculated tax amount.

• Host: GitHub
• URL: https://github.com/khushiisaxena/tax-calculator
• Owner: khushiisaxena
• Created: 2024-04-11T14:06:07.000Z (11 months ago)
• Default Branch: main
• Last Pushed: 2024-04-11T14:48:20.000Z (11 months ago)
• Last Synced: 2024-11-20T10:51:05.744Z (3 months ago)
• Language: JavaScript
• Homepage: https://fabulous-croissant-df2ff7.netlify.app/
• Size: 8.79 KB
• Stars: 0
• Watchers: 1
• Forks: 0
• Open Issues: 0
• Metadata Files:
  • Readme: README.md

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README

        
# Tax-Calculator

https://khushiisaxena.github.io/Tax-Calculator/

This is a web-based tax calculator application developed to help users calculate their income tax based on their income and deductions. The application uses a simple and intuitive user interface to input the necessary details and provides the calculated tax amount.

## Features

- **Income Tax Calculation**: Calculates income tax based on the user's income and deductions.

- **User-friendly Interface**: Easy-to-use interface for entering income details and deductions.

- **Real-time Calculation**: Calculates the tax amount in real-time as the user inputs the data.

## Tax Calculation Formula

The tax calculation works based on the following formula:

- **Overall income (after deductions) under 8 (≤) Lakhs is not taxed.**

    - Ex: If Gross Annual Income + Extra Income - Deductions =  6 Lakhs, no tax

    - If Gross Annual Income + Extra Income - Deductions =  9 Lakhs, tax

- **Income over 8 (>) Lakhs, the amount over 8 Lakhs is taxed at:**

    - 30% for people with age < 40

    - 40% for people with age ≥ 40 but < 60

    - 10% for people with age ≥ 60