tax-calculator-by-yousaf 0.1.0

A simple calculator to compute income tax for India FY 2025-26

Indian Tax Calculator FY 2025-26

A simple calculator to compute income tax for India based on old and new regimes for Financial Year 2025-26.

Features

• Calculate tax based on either monthly or yearly salary inputs
• Support for both old and new tax regimes
• Considers standard deduction, PF, LTA, HRA, and other components
• Calculate in-hand salary after tax deductions
• Easy-to-use command-line interface

Installation

You can install the package directly from PyPI:

pip install tax_calculator_by_yousaf

Alternatively, you can install directly from GitHub:

pip install git+https://github.com/yousafkhamza/tax_calculator_by_yousaf.git

Usage

After installation, you can run the calculator directly from the command line:

tax-calculator

Or you can use it in your Python code:

from tax_calculator import calculate_tax_2025_26

calculate_tax_2025_26()

Tax Calculation Details

New Regime (Default)

• Standard Deduction: ₹75,000
• Tax Slabs:
  • Up to ₹3,00,000: No tax
  • ₹3,00,001 to ₹6,00,000: 5%
  • ₹6,00,001 to ₹9,00,000: 10%
  • ₹9,00,001 to ₹12,00,000: 15%
  • ₹12,00,001 to ₹15,00,000: 20%
  • Above ₹15,00,000: 30%
• Section 87A rebate up to ₹60,000 for income up to ₹12,00,000

Old Regime

• Standard Deduction: ₹50,000
• Tax Slabs:
  • Up to ₹2,50,000: No tax
  • ₹2,50,001 to ₹5,00,000: 5%
  • ₹5,00,001 to ₹10,00,000: 20%
  • Above ₹10,00,000: 30%
• Section 87A rebate for income up to ₹5,00,000

License

This project is licensed under the MIT License - see the LICENSE file for details.

Author

Yousaf Khamza