India income tax (new regime)
tax_in_newCompute Indian Personal Income Tax under Section 115BAC New Concessional Regime with standard deduction and Section 87A rebate.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| as_of_date | Yes | Statutory as-of date (YYYY-MM-DD). | |
| is_salaried | No | Whether individual is a salaried employee (eligible for standard deduction). | |
| gross_income | Yes | Gross annual income from all sources in INR (₹). |