Direct Tax & Financial Calculators

Compute taxes side-by-side (IT Act 1961 vs 2025), find TDS rates, check Wage Code limits, and audit corporate depreciations.

Gross Annual Salary ₹ 15,00,000

Section 80C Investments (PPF, LIC, ELSS - IT Act 1961) ₹ 1,50,000

Section 80D Health Insurance (IT Act 1961) ₹ 25,000

HRA Exemption Claim (IT Act 1961) ₹ 1,20,000

Section 24(b) Home Loan Interest (IT Act 1961) ₹ 0

Tax Act Comparison (2025 vs 1961)

IT Act 2025

₹ 0 Simplified 2025 Slabs & ₹75k Std Ded.

IT Act 1961

₹ 0 Deductions applied

Gross Annual CTC ₹ 15,00,000

Standard Deductions

IT Act 1961 Deductions

Base Transaction Value

GST Slab Rate

Tax Application Mode

Transaction Type

GST Tax Breakdown

Original Net Value ₹ 0.00

CGST (Half Rate) ₹ 0.00

SGST (Half Rate) ₹ 0.00

IGST (Full Rate) ₹ 0.00

Total GST Calculated ₹ 0.00

Gross Bill Amount ₹ 0.00

Asset Sale Consideration Value

Asset Acquisition Purchase Cost

Asset Class Category

Holding Period Duration

Capital Gains Tax Projection

Calculated Capital Gain ₹ 4,00,000

Exemption Allowed (LTCG) ₹ 1,25,000

Net Taxable Gain ₹ 2,75,000

Applicable Tax Rate 12.5 %

Net Tax Payable ₹ 34,375

Search Payment Nature (e.g. Rent, Contract)

Select Category (IT Act 2025 Database)

Gross Invoice / Bill / Payment Amount

TDS / TCS Deduction Detail

Selected Section -

Threshold Limit -

Applicable Rate 10 %

Tax Amount (TDS/TCS) ₹ 15,000

Net Payable / Receviable ₹ 1,35,000

Monthly Deposit Amount ₹ 10,000

Expected Return Rate (Annual) 12 %

Time Duration 10 Years

Investment Type

SIP Wealth Projection

Invested Principal ₹ 12,00,000

Estimated Yield Gains ₹ 11,23,391

Total Projected Value ₹ 23,23,391

Principal Loan Amount ₹ 50,00,000

Interest Rate (Annual) 8.5 %

Loan Duration 20 Years

Monthly EMI Details

Monthly Installment (EMI) ₹ 43,391

Principal Borrowed ₹ 50,00,000

Total Interest Payable ₹ 54,13,879

Total Debt Cost (P+I) ₹ 1,04,13,879

Year	Opening Bal	Total EMI Paid	Interest Paid	Principal Paid	Closing Bal

Total Monthly CTC Package

Basic Salary (Current structure)

HRA Allowance

Special & Other Allowances

Wage Code CTC Compliance

Basic Salary Ratio 35.00 %

Restructured Basic (Recommended) ₹ 50,000

Monthly Basic Salary (+ DA)

Years of Completed Service 6 Years

Projected Gratuity Payout

Calculation Standard 15 / 26 days salary per year

Qualifying Status Eligible (≥5 years)

Total Gratuity Payable ₹ 1,73,077

Asset Acquisition Value

Residual Scrap Value (%) 5 %

Useful Life of Asset (Years) 10 Years

Depreciation Method

Companies Act Depreciation

Depreciable Base ₹ 0

Year 1 Depreciation Expense ₹ 0

Estimated Residual Value ₹ 0

Year	Opening Value	Depreciation Expense	Accumulated Depreciation	Closing Value

Current Expense / Capital Goal Value

Expected Inflation Rate (Annual) 6 %

Time Duration (Years) 10 Years

Future Value Adjustment

Current Purchasing Value ₹ 5,00,000

Erosion in Buying Power ₹ 3,95,429

Future Cost Required ₹ 8,95,429

Aggregator Annual Turnover (₹)

Contribution Rate (1% to 2%) 1 %

Amount Paid/Payable to Gig Workers

Social Security Contribution

Calculated Contribution (Turnover Base) ₹ 50,00,000

Maximum Cap (5% of Worker Payout) ₹ 50,00,000

Final Payable Contribution ₹ 50,00,000

Business / Profession Type (IT Act 2025)

Annual Gross Receipts / Turnover (₹)

% of Digital Receipts (Business only) 100 %

Presumptive Income Calculation

Presumptive Rate Applied 6%

Declared Net Income ₹ 1,80,000