Feature: Enhancement of Income tax calculator

[VanshGarg06]

Is your feature request related to a problem? Please describe.

The present Income tax calculator is just a simple interest calculator which is not good for a financial website, the income tax calculator should be accurate so that it helps the users to file their ITR as well and have the estimation for the tax the need to purchase or if any refund is there.

Describe the solution you'd like.

The enhanced Income tax calculator will able to calculate tax at the most accurate with all the incomes and deductions and calculate the taxable income and the tax need to be paid/ received as refund. The insights it will give will be taxable income, tax/refund and the income after tax.

Describe alternatives you've considered.

The Alternative would be not making simple interest calculator just as present but instead just extract all the details like the itr form for all the incomes like interest on savings deposit, cash in hand, etc.. and all the deductions like health insurance, 80DD, 80D, 80C,etc.. and then take the details of HRA, DA,etc.. And then, calculate the taxable income and get the tax payable/receivable.

Add any other context or screenshots about the feature request here.

Please assign this issue to me @VanshGarg06 under hacktoberfest and gssoc-ext with the necessary labels as level 3. Please assign this issue to me as soon as possible so that i could merge pull request timely @ChauhanAyush04. Attaching my design enhanced later after assignment.

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