Show HN: A Tax Calculator for India
github.com
Show HN: A Tax Calculator for India
1–10 of 29 posts
Re: Show HN: A Tax Calculator for India
#2I built this command-line tax calculator as a side project.
This script determines:
- When you're made an offer for a given CTC, how much will you take home every month?
- If you want a certain amount of take-home pay every month, what CTC should you ask for? This is for Indians.
This script handles:
- Differing tax treatments for employees and consultants. The latter are eligible for presumptive taxation under section 44AD.
- Health and education cess
- Surcharge
- GST
- PF and pension
- Section 80C investments
- Professional tax
Re: Show HN: A Tax Calculator for India
#3Thanks. I'll try to make a spreadsheet out of this when I find time. I've got quite a few non programmers who'd benefit from something like this.
Re: Show HN: A Tax Calculator for India
#4You should host it somewhere.
Re: Show HN: A Tax Calculator for India
#5This is awesome!
I have similar thing in google docs file. Also with addition for home loan repayment schedule.
One suggestion: could you separate the code and tax slab configuration, different files.
Re: Show HN: A Tax Calculator for India
#6It would have been better if written in JS and hosted with UI elements on github pages to be used directly without running after cloning.
Re: Show HN: A Tax Calculator for India
#7I built this command-line tax calculator as a side project. This script determines: - When you're made an offer for a given CTC, how much will you take home every month? - If you want a certain amount of take-home pay every month, what CTC should you ask for? This is for Indians. This script handles: - Differing tax treatments for employees and consultants. The latter are eligible for presumptive taxation under secti…
Section 44ADA, not 44AD.
44AD is for businesses and has a presumptive taxable income of 8% of gross income. 44ADA is for (eligible) individuals and has a presumptive taxable income of 50% of gross income.
Re: Show HN: A Tax Calculator for India
#8[deleted]
Re: Show HN: A Tax Calculator for India
#9There is a software/framework/library named OpenFisca[1] that helps you turn law (for taxes) in software. They modeled some countries like Senegal, Tunisia or France. I know that they also use it to build easy to use web interfaces or to create visualization and better understand how a tax applies to a population.
You can take a look at their documentation[2] too.
[1] https://openfisca.org/en/ [2] https://openfisca.org/doc/index.html
Re: Show HN: A Tax Calculator for India
#10I built this command-line tax calculator as a side project. This script determines: - When you're made an offer for a given CTC, how much will you take home every month? - If you want a certain amount of take-home pay every month, what CTC should you ask for? This is for Indians. This script handles: - Differing tax treatments for employees and consultants. The latter are eligible for presumptive taxation under secti…
For the non-Indians in the audience, what is "CTC"?