Authoritative tax planning calculators conforming to the Indian Income Tax Act 1961, Section 115BAC amendments, Union Budget provisions, and GST Council rate schedules. Compare tax liabilities across regimes, verify TDS rates, calculate capital gains tax on equity and property, and compute HRA exemptions under Rule 2A.
Statutory formulas verified against current Government of India regulations.
Calculate GST inclusive and exclusive prices with 5%, 12%, 18%, and 28% slabs. Includes CGST, SGST, and IGST breakdowns.
Determine exact tax-exempt House Rent Allowance under Section 10(13A) with 3-condition Rule 2A check and Metro vs Non-Metro limits.
Compare exact tax liabilities between Budget 2024 New Regime and Old Regime. Find your exact breakeven deduction threshold.
Compute Tax Deducted at Source (TDS) under Sections 194J, 194C, 194I, 194H, and 194A with PAN compliance penalty checks.
Calculate state-wise Professional Tax (PT) for Maharashtra, Karnataka, West Bengal, Tamil Nadu, and exempt states with Section 16(iii) deduction.
Calculate LTCG and STCG on equity, mutual funds, real estate, and gold under new Budget 2024 rates (12.5% LTCG, 20% STCG).
Maximize your ₹1.5 Lakh Section 80C deductions across EPF, PPF, ELSS, insurance, and tuition fees to save up to ₹46,800 in taxes.
Calculate quarterly advance tax installments (15%, 45%, 75%, 100%) under Section 208 with TDS credit adjustments.
Objective side-by-side comparison of Old vs New Tax Regime for FY 2024-25 with ₹75,000 standard deduction and break-even point.
Estimate Section 10(10AA) tax-exempt and taxable leave encashment on retirement or resignation under the revised ₹25 Lakh statutory ceiling.
Estimate Section 115BBH flat 30% tax, 4% cess, and Section 194S 1% TDS on Virtual Digital Asset transfers with strict loss set-off rules.
Compare Old vs New Tax Regime for FY 2025-26 (AY 2026-27) & FY 2024-25 (AY 2025-26). Understand ₹75,000 standard deduction, Section 87A rebate, HRA, 80C exemptions, and breakeven deduction thresholds.
Understand HRA tax exemption under Section 10(13A) Rule 2A. Learn the 3-part calculation, 50% vs 40% metro limits, landlord PAN rules, and rent receipt compliance.
Comprehensive guide to Capital Gains Tax in India. Understand 12.5% LTCG, 20% STCG, ₹1.25L Section 112A exemption, real estate indexation rules, and Section 54 relief.
Comprehensive guide to creating compliant GST tax invoices under Rule 46 of CGST Rules 2017. Learn mandatory fields, CGST/SGST/IGST splits, and common invoicing mistakes.
Under Section 115BAC, income up to ₹3,00,000 is tax-free. ₹3L–₹7L is taxed at 5%, ₹7L–₹10L at 10%, ₹10L–₹12L at 15%, ₹12L–₹15L at 20%, and income above ₹15,00,000 is taxed at 30%. With the ₹75,000 standard deduction and Section 87A rebate, salaried individuals with taxable income up to ₹7.75 Lakhs pay zero income tax.
HRA exemption is the minimum of three amounts: (1) Actual HRA received, (2) 50% of Basic+DA for metro cities (Delhi, Mumbai, Kolkata, Chennai) or 40% for non-metros, and (3) Rent paid minus 10% of Basic+DA.
The maximum deduction permitted under Section 80C is ₹1,50,000 per financial year, applicable only if you opt for the Old Tax Regime. Eligible options include EPF, PPF, ELSS, life insurance premiums, and home loan principal repayments.
India levies GST under four standard rate tiers: 5%, 12%, 18%, and 28%. Essential food items are 0% (exempt), while luxury and demerit goods carry 28% GST plus an additional statutory compensation cess.