How it’s calculated
Taxable = income − standard deduction (if salaried). Tax = sum across progressive slabs for chosen FY (example figures), rebate up to threshold, then 4% cess added. This is simplified for learning and not official guidance.
FAQ
How is the tax calculated?
Taxable = income − standard deduction (optional) − educational deductions (80C/80D/HRA). We apply example progressive slabs for the selected FY, add 4% cess, and a rebate applies up to a threshold. Educational example only.
Are 80C/80D/HRA supported?
Yes as simplified inputs for learning. Caps and eligibility vary; check official guidance for current rules.