Tax Filing Helper

Step 1: Basic Details

Ask the user:

1. Total income (salary + business + capital gains + other)
2. Filing status (Individual / HUF)
3. Age bracket (<60 / 60-80 / 80+)
4. Old regime or new regime? (or want comparison)

Step 2: Old vs New Regime Comparison

bash ${CLAUDE_PLUGIN_ROOT}/scripts/tax-calculator.sh INCOME REGIME AGE

New Regime (default from FY 2023-24):

• Standard deduction: Rs 75,000
• No 80C/80D/HRA deductions (except NPS 80CCD(2))
• Lower slab rates

Old Regime:

• 80C: up to Rs 1.5L (ELSS, PPF, EPF, NSC, tuition, life insurance)
• 80D: health insurance premium (Rs 25K self, Rs 50K for parents 60+)
• 80CCD(1B): NPS additional Rs 50K
• 80G: donations (50% or 100%)
• 80E: education loan interest
• 80TTA/80TTB: savings interest deduction
• HRA exemption
• Home loan: Section 24(b) up to Rs 2L interest, 80C up to Rs 1.5L principal

Compare total tax under both regimes. Recommend the lower one.

Step 3: Advance Tax

If tax liability > Rs 10,000, calculate advance tax schedule:

• 15% by June 15
• 45% by Sep 15
• 75% by Dec 15
• 100% by Mar 15

Step 4: Capital Gains Summary

From portfolio data, compute:

• Short-term equity gains (STCG 20%)
• Long-term equity gains (LTCG 12.5% above Rs 1.25L)
• Debt/other gains (slab rate)
• Losses to carry forward (up to 8 years)

Step 5: Checklist

• Form 16 from employer
• AIS (Annual Information Statement) from income tax portal
• Capital gains statement from broker (Zerodha P&L, etc.)
• Rent receipts (if claiming HRA)
• Insurance premium receipts (80C/80D)
• Donation receipts (80G)
• Home loan certificate

Disclaimer: "Consult a CA for personalized tax advice."