Professional Tax Calculation Tools for India

Income Tax Calculator (FY 2024-25)

Tax Calculation Result:

Tax Slabs FY 2024-25:

  • New Regime: Up to ₹3L (0%), ₹3L-₹6L (5%), ₹6L-₹9L (10%), ₹9L-₹12L (15%), ₹12L-₹15L (20%), Above ₹15L (30%)
  • Old Regime: Up to ₹2.5L (0%), ₹2.5L-₹5L (5%), ₹5L-₹10L (20%), Above ₹10L (30%)

GST Calculator

GST Calculation Result:

GST Rates in India:

  • 0%: Essential commodities (milk, bread, etc.)
  • 5%: Household necessities (sugar, tea, etc.)
  • 12%: Standard goods (pharmaceuticals, etc.)
  • 18%: Most goods and services
  • 28%: Luxury items (cars, AC, etc.)

SIP Calculator

SIP Calculation Result:

Benefits of SIP:

  • Rupee cost averaging
  • Power of compounding
  • Disciplined investing
  • Flexible investment amounts

EMI Calculator

EMI Calculation Result:

EMI Formula:

EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)

Where P = Principal, r = Monthly interest rate, n = Number of months

HRA Calculator

HRA Exemption Result:

HRA Exemption Rules:

  • Least of: Actual HRA received
  • Rent paid minus 10% of basic salary
  • 50% of basic salary (metro) / 40% (non-metro)

TDS Calculator

TDS Calculation Result:

Common TDS Rates:

  • Salary: As per applicable slab
  • Contractor: 1% (if > ₹30,000)
  • Professional: 10% (if > ₹30,000)
  • Rent: 10% (if > ₹2.4L annually)

Need Expert Tax Advice?

While our calculators provide accurate estimates, every financial situation is unique. Get personalized advice from our experienced chartered accountants.

Contact Our CA Experts View All Services
Call: (+91) 8700938595
Mon-Sat: 9 AM - 6 PM
5+ Years Experience

Frequently Asked Questions

How accurate are these tax calculators?

Our tax calculators are updated regularly to reflect the latest Indian tax laws and rates for FY 2024-25. They provide accurate estimates based on current tax slabs, but we recommend consulting a chartered accountant for complex tax situations.

Which tax regime should I choose - Old or New?

The choice between old and new tax regime depends on your deductions and investments. Use our Income Tax Calculator to compare both regimes and see which gives you lower tax liability. Generally, if you have significant 80C investments and other deductions, the old regime might be beneficial.

How is GST calculated on goods and services?

GST is calculated at different rates: 5%, 12%, 18%, or 28% depending on the goods/services. For intra-state transactions, it's split into CGST and SGST (half each). For inter-state transactions, it's charged as IGST. Our GST calculator handles both scenarios automatically.

What is the minimum amount for TDS deduction?

TDS thresholds vary by payment type: ₹30,000 for contractors and professional services, ₹2.4 lakh annually for rent, ₹40,000 for FD interest, and ₹5,000 for dividends. Our TDS calculator automatically applies the correct threshold and rate.

How does SIP investment work?

SIP (Systematic Investment Plan) allows you to invest a fixed amount regularly in mutual funds. It provides benefits of rupee cost averaging and compounding. Our SIP calculator shows potential returns based on historical market performance, but actual returns may vary.