Show HN: Income Tax Calculator

Nice. However I must ask, the official tax department&#x27;s site has been revamped and added a very slick calculator [1] a few months or maybe a year ago. Is there a good reason to prefer yours ?<p>However, if you are an expert in tax rules, here&#x27;s something I&#x27;d pay money for - clear tax guidance in the form of a decision engine, where I can feed my inputs and get an accurate interpretation of the tax rules. I will pay for this as long as you can back the interpretation by a certified tax consultant.<p>[1] <a href="http:&#x2F;&#x2F;www.incometaxindia.gov.in&#x2F;Pages&#x2F;tools&#x2F;income-tax-calculator.aspx" rel="nofollow">http:&#x2F;&#x2F;www.incometaxindia.gov.in&#x2F;Pages&#x2F;tools&#x2F;income-tax-calc...</a>

How depressing is it for us in the US that the Indian tax code is simple enough that someone can &quot;show HN&quot; a tax calculator.

Great for just calculating the amount of tax that one needs to pay without going into the process of login and setting up a user account. +1 for the great interface.<p>Cleartax.in (YC funded) provides a much more comprehensive solution of filing taxes and returns. Although their UI needs a serious upgrade as per today&#x27;s standards.<p>Yesterday only, I have used Cleartax.in to file my Income Tax Return. Their service is simple to use and they do appropriate checks to make sure that your filing is consistent.<p>PS - Not affiliated to Cleartax.

The British equivalent: <a href="http:&#x2F;&#x2F;www.listentotaxman.com&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.listentotaxman.com&#x2F;</a><p>Only for people with normal jobs or self employed though, doesn&#x27;t take things like capital gains or dividends into account (but these have nicer rates than normal income anyway, so it&#x27;s good as a worst case calculator anyway.)

&gt; &quot;TDS Deducted from Salary&quot;<p>It would be helpful to explain initialisms like TDS for those who don&#x27;t know.

I can&#x27;t help but notice the .net.in domain. I haven&#x27;t seen this before. Is this like .co.in but for .net versions ?<p>I feel the website is a good starting point but would be nice if it had more sliders for providing various inputs and a real time update of the tax to be paid.

ClearTax has a tax calculator as well :D<p><a href="https:&#x2F;&#x2F;cleartax.in&#x2F;paytax&#x2F;TaxCalculator" rel="nofollow">https:&#x2F;&#x2F;cleartax.in&#x2F;paytax&#x2F;TaxCalculator</a>

I think you may have a floating point bug or two:<a href="http:&#x2F;&#x2F;imgur.com&#x2F;zmOCoY0" rel="nofollow">http:&#x2F;&#x2F;imgur.com&#x2F;zmOCoY0</a>

Looks nice. Just a question, are you storing the data. (I know not sensitive but still.)

Fascinating. My income tax liability in India would roughly match my liability here in the United States (assuming I took similar deductions).<p>Are there Indian equivalents to the U.S. payroll taxes or other broad-based, non-consumption taxes?

Ugh, taxes are due in 6 days. I have to remember to do them soon.

Really wish this was open source. :&#x2F;

Looks good.

I used Revenue Canada&#x27;s instructions for computer programs to create a spreadsheet that I called &quot;payswell&quot;. I GPLed it and published it at sourceforge however I only implemented one tax year.<p>In the US every state has different income taxes; some don&#x27;t have income tax at all such as Washington. I always intended to create a US spreadsheet but the task seems daunting.