This project aims to create a npm package for calculating the taxable amount from Indian Income Tax Department based on Tax slab New income tax slabs for FY 2023-24 (AY 2024-25)
| Taxable Income | New Tax Regime Rate |
|---|---|
| Up to Rs. 3,00,000 | NIL |
| Rs. 3,00,000 - Rs. 5,00,000 | 5% |
| Rs. 5,00,000 - Rs. 10,00,000 | 20% |
| Above Rs. 10,00,000 | 30% |
To install the package, use npm:
npm install income-tax-india-calculator