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+17 Additions-6 Deletions1 Unchanged
Original Text / Before
172 charsModified Text / After
418 charsLive Visual Diff Breakdown
24 lines analyzed1-function calculateTax(income) {
2- // Old implementation: flat 20%
3- let taxRate = 0.20;
4- let tax = income * taxRate;
5- console.log("Tax computed: " + tax);
6- return tax;
1+function calculateTax(income, regime = "new") {
2+ // Budget 2024 revised slabs
3+ let standardDeduction = 75000;
4+ let taxableIncome = Math.max(0, income - standardDeduction);
5+
6+ let tax = 0;
7+ if (taxableIncome > 1500000) {
8+ tax = taxableIncome * 0.30;
9+ } else if (taxableIncome > 1000000) {
10+ tax = taxableIncome * 0.15;
11+ }
12+
13+ return {
14+ grossIncome: income,
15+ taxableIncome,
16+ taxAmount: tax,
17+ };
18 }