calculate-salary

Command line script to calculate taxes and in hand salary

Usage

usage: python3 income.py [-h] -s SALARY [-m METRO] [-pf PF]

Calculates your taxes and in hand income

optional arguments:
  -h, --help            show this help message and exit
  -s SALARY, --salary SALARY
                        Annual Salary
  -m METRO, --metro METRO
                        'yes' if you stay in a metro city, 'no' otherwise
  -pf PF                'yes' if your pf is inclusive in the salary mentioned, 'no' otherwise

Note:

• Script Assumes Deductions under 80C, 80D, Section 10(13A) in old tax regime
• No deductions are allowed in new tax regime (only employer pf is deducted if it is inclusive in salary)
• To know more about income-tax slabs go to income-tax-india