This tax calculation model has a simple structure: Individuals under 40 pay no tax if their income after deductions stays below 8 Lakhs. For those over 40 but under 60, any income exceeding 8 Lakhs is taxed at 40%, and for those 60 or older, the tax rate is 10%. For example, a 34-year-old earning 40 Lakhs with no deductions would owe 30% of the income exceeding 8 Lakhs, totaling 9.6 Lakhs in taxes.
Deployed link: https://tax-calculator-assignment.vercel.app/
- Html
- CSS
- JavaScript
- Bootstrap
- jQuery
Here is the step-by-step process for running the project.
- Clone the repository.
- Open index.html in a Web Browser.
- Use the Tax Calculator: Fill out the form fields with the appropriate values (Gross Annual Income, Extra Income, Deductions, and Age), then click the "Calculate Tax" button to submit the form.
- View the Result: After submitting the form, you'll be redirected to the 'result.html' page, where you'll see the calculated tax result based on the provided inputs.
- Close the Application: On the result page, you'll find a "Close" button. Clicking this button will redirect you back to the index.html page, allowing you to start a new calculation or close the browser tab to exit the application.
