How to use Javascript to read local text file and read line by line?

Without jQuery:

document.getElementById('file').onchange = function(){

  var file = this.files[0];

  var reader = new FileReader();
  reader.onload = function(progressEvent){
    // Entire file
    console.log(this.result);

    // By lines
    var lines = this.result.split('\n');
    for(var line = 0; line < lines.length; line++){
      console.log(lines[line]);
    }
  };
  reader.readAsText(file);
};

HTML:

<input type="file" name="file" id="file">

Remember to put your javascript code after the file field is rendered.