Tax Calculators for Smarter Financial Planning

Our tax calculators are regularly updated to reflect the latest tax laws, rates, and deductions. They provide highly accurate estimates based on the information you input. However, for complex tax situations or final filing purposes, we recommend consulting with a certified tax professional.

The choice between old and new tax regimes depends on your specific financial situation, particularly the deductions and exemptions you can claim. The old regime allows multiple deductions but has higher tax rates, while the new regime offers lower tax rates but fewer deductions. Our Income Tax Calculator lets you compare both options to identify which one results in lower tax liability for your specific circumstances.

Capital gains taxes are calculated based on the profit realized from selling an asset that has increased in value. The tax rate depends on whether it's a short-term gain (assets held for less than 1-3 years, depending on asset type) or long-term gain. Short-term gains are typically taxed at your regular income tax rate, while long-term gains usually benefit from lower tax rates. Our Capital Gains Calculator accounts for these distinctions and applicable exemptions.

Missing advance tax payments can result in interest penalties under Sections 234B and 234C of the Income Tax Act. You may be charged interest at 1% per month for delayed payment (Section 234B) and additional interest for deferring installments (Section 234C). Our Advance Tax Calculator helps you plan your quarterly payments correctly to avoid these penalties.

To maximize tax deductions legally, consider utilizing all applicable provisions such as Section 80C investments (up to ₹1.5 lakh), health insurance premiums (Section 80D), home loan interest (Section 24), and education loan interest (Section 80E). Our Tax Deduction Calculator helps identify all potential deductions based on your financial profile and ensures you don't miss any eligible tax benefits.

For Indian residents, foreign income is generally taxable in India. However, you can claim relief under the Double Taxation Avoidance Agreement (DTAA) if you've already paid tax on that income in another country. The relief may be in the form of tax credits or exemptions depending on the specific DTAA. Our Foreign Income Tax Calculator helps estimate your liability considering these international tax agreements.