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