Module: HrLite::StatutoryRateCard

Defined in:: lib/hr_lite/statutory_rate_card.rb

Overview

Config-driven statutory rates, keyed by effective date — a budget change is a one-hash edit that gets code review and a spec diff, never an inline-constant hunt.

VERIFY WITH A CA before the first run of any new financial year; the FY 2026-27 card ships with FY 2025-26 figures pending confirmation of the Feb 2026 Finance Act.

Constant Summary collapse

CARDS =

{
  Date.new(2025, 4, 1) => {
    pf: {
      employee_rate: r("0.12"), employer_rate: r("0.12"), eps_rate: r("0.0833"),
      wage_ceiling: r("15000"), eps_wage_ceiling: r("15000"),
      edli_rate: r("0.005"), edli_ceiling: r("15000"), admin_rate: r("0.005")
    },
    esi: { employee_rate: r("0.0075"), employer_rate: r("0.0325"), gross_ceiling: r("21000") },
    pt: {
      # Neither UP nor Uttarakhand levies professional tax today; both
      # ship empty (PT = 0). Karnataka included as a worked template.
      "none" => [],
      "uttar_pradesh" => [],
      "uttarakhand" => [],
      "karnataka" => [ { above: r("24999"), monthly: r("200") } ]
    },
    income_tax: {
      "new" => {
        standard_deduction: r("75000"), rebate_cap: r("1200000"), cess_rate: r("0.04"),
        slabs: [
          [ r("0"), r("400000"), r("0") ],
          [ r("400000"), r("800000"), r("0.05") ],
          [ r("800000"), r("1200000"), r("0.10") ],
          [ r("1200000"), r("1600000"), r("0.15") ],
          [ r("1600000"), r("2000000"), r("0.20") ],
          [ r("2000000"), r("2400000"), r("0.25") ],
          [ r("2400000"), nil, r("0.30") ]
        ]
      },
      "old" => {
        standard_deduction: r("50000"), rebate_cap: r("500000"), cess_rate: r("0.04"),
        slabs: [
          [ r("0"), r("250000"), r("0") ],
          [ r("250000"), r("500000"), r("0.05") ],
          [ r("500000"), r("1000000"), r("0.20") ],
          [ r("1000000"), nil, r("0.30") ]
        ]
      }
    }
  }
}.freeze

Class Method Summary collapse

.for(period_month) ⇒ Object

Class Method Details

.for(period_month) ⇒ `Object`