Income Tax Estimator

Estimate Indian personal income tax for a financial year based on slab rates. Use this when the user asks about income tax, tax on salary/CTC, or comparing old vs new tax regime, for an individual taxpayer in India.

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Income Tax Estimator

Estimates income tax payable under the FY 2024-25 slab rates for the old or new regime, including the standard deduction, Section 87A rebate, and 4% health & education cess. This is a simplified estimate that excludes surcharge and itemized deductions like 80C/80D.

Arguments

Pass an input object with:

  • annual_income (number, required) — gross annual income in INR.
  • regime (string, optional) — either "old" or "new" (FY 2024-25 slabs). Defaults to "new".

Example

echo '{"annual_income": 1200000, "regime": "new"}' | python script.py

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