Tax Calculators India | thecalcu.com

Calculate your HRA exemption under Section 10(13A) for FY 2025-26. See exactly how much HRA is tax-free based on your city tier, rent paid, and basic salary.

Income Tax

Income Tax Calculator

Calculate income tax for FY 2025-26 under old and new tax regimes. Includes 87A rebate, surcharge, cess, and deductions (80C, 80D, HRA). India income tax.

Tax Regime

Old vs New Tax Regime Calculator

Compare income tax under old and new regime for FY 2025-26. Enter your income and deductions to instantly see which tax regime saves you more money.

Salary

Salary / CTC Calculator

Calculate your in-hand monthly salary from CTC in India. Breaks down basic, HRA, PF, professional tax, income tax TDS to show your net take-home pay.

TDS

TDS Calculator

Calculate TDS deduction for FD interest, rent, professional fees, property purchase and more. Instant results for Indian taxpayers.

About Tax Calculators

Tax calculators for India cut through the complexity of GST slabs, TDS rates, and income tax provisions — giving businesses, freelancers, and salaried individuals exact figures without the risk of manual calculation errors. Whether you need to raise a GST-compliant invoice, understand how much TDS will be deducted from your FD interest, or verify a vendor's deduction, these tools give you the answer in seconds.

GST in India: four slabs, one calculator

India's GST system applies across four rate slabs — 5%, 12%, 18%, and 28% — with a zero-rate category for essentials. For intra-state transactions, the GST amount is split equally between CGST (Central GST) and SGST (State GST). For inter-state transactions, IGST applies at the full rate. The GST Calculator handles both directions: add GST to a base price, or strip GST from an inclusive price to recover the net amount.

Common real-world uses: calculating the GST on a service invoice before sending it to a client, verifying the GST amount on a purchase bill, or determining the base price from a GST-inclusive quote.

TDS: deduct right, deposit on time

TDS (Tax Deducted at Source) is one of the most misunderstood compliance requirements in India. The payer — not the recipient — bears the legal responsibility for correct deduction and timely deposit. The TDS Calculator covers nine common payment types under the Income Tax Act: FD interest, rent (building and machinery separately), professional fees, technical services, contractor payments, commission, and property purchase. It also accounts for the PAN penalty — deduction doubles (or hits 20%) when the payee has not furnished a PAN.

Key compliance deadlines

TDS deducted in any month must be deposited by the 7th of the following month (except March, where the deadline is 30 April). Quarterly TDS returns are due in July, October, January, and May. Late deduction attracts interest at 1% per month; late deposit attracts interest at 1.5% per month. Errors in TDS are common and costly — using a calculator before processing payments eliminates arithmetic mistakes that trigger notices.

Planning your taxes, not just calculating them

Beyond compliance, tax calculators are planning tools. Knowing the GST rate on a service before quoting helps you price correctly. Understanding TDS thresholds on FD interest helps you structure deposits across family members to minimise deductions. And verifying the TDS applicable on a property purchase protects you from non-compliance penalties on a high-value transaction. Use these tools as a first step before consulting a chartered accountant for complex situations.

Frequently Asked Questions

What taxes can I calculate using thecalcu.com tax calculators?

The tax calculators on thecalcu.com currently cover GST (Goods and Services Tax) and TDS (Tax Deducted at Source). The GST Calculator handles all four GST slabs — 5%, 12%, 18%, and 28% — and shows the CGST/SGST split. The TDS Calculator covers major payment types including FD interest, rent, professional fees, contractor payments, commission, and property purchase.

What is GST and what are the current GST slabs in India?

GST (Goods and Services Tax) is India's unified indirect tax that replaced VAT, service tax, and other levies in July 2017. There are four main rate slabs: 5% for essential goods and services, 12% for standard goods, 18% for most services and goods, and 28% for luxury and sin goods. Some items like fresh produce, milk, and educational services are exempt (0% GST).

What is TDS and who is responsible for deducting it?

TDS (Tax Deducted at Source) is a mechanism where the payer deducts income tax at the time of making certain payments — such as salary, FD interest, rent, professional fees, or property purchase — and deposits it with the government on behalf of the payee. The responsibility for deduction lies with the payer (the deductor), not the recipient. Failure to deduct or deposit TDS attracts interest and penalties under the Income Tax Act.

What happens if I don't provide my PAN for a TDS-applicable payment?

If the payee does not furnish a PAN, the TDS rate is deducted at either the applicable rate or 20% — whichever is higher. This is a significant penalty: FD interest normally attracts 10% TDS, but without a PAN it becomes 20%. Always ensure your PAN is registered with your bank, tenant, or client to avoid excess TDS deduction.

What is the difference between CGST and SGST?

CGST (Central GST) and SGST (State GST) are the two components of GST charged on intra-state transactions — each being half the total GST rate. On a transaction at 18% GST, CGST is 9% and SGST is 9%. For inter-state transactions, IGST (Integrated GST) applies at the full rate instead of the CGST/SGST split. Our [GST Calculator](/gst-calculator/) shows all components automatically.

How do I calculate GST on a price that already includes GST?

To extract GST from a GST-inclusive price, divide the total amount by (1 + GST rate/100) to get the base price, then subtract to find the GST component. For example, if the inclusive price is ₹11,800 at 18% GST: base price = ₹11,800 ÷ 1.18 = ₹10,000, and GST = ₹1,800. The [GST Calculator](/gst-calculator/) handles both exclusive-to-inclusive and inclusive-to-exclusive calculations.

What is the TDS threshold limit and why does it matter?

TDS is only deducted when the payment exceeds the threshold limit for that payment type. For example, FD interest under Section 194A is exempt from TDS if the total interest from a bank in a financial year is below ₹40,000 (₹50,000 for senior citizens). For rent under Section 194I, the threshold is ₹2.4 lakh per year. Understanding the threshold helps you know whether TDS applies to your specific situation.

Can I claim a refund for excess TDS deducted?

Yes. If TDS is deducted at a higher rate than your actual tax liability — for instance, because you fall in a lower tax slab — you can claim a refund when filing your ITR (Income Tax Return). The refund is processed after the ITR is assessed. Alternatively, if your income is below the taxable limit, you can submit Form 15G (for individuals below 60) or Form 15H (for senior citizens) to request nil or lower TDS deduction.

Is GST applicable to freelancers and consultants in India?

Freelancers and consultants must register for GST if their annual turnover exceeds ₹20 lakh (₹10 lakh in special category states). Once registered, they charge GST on their invoices (typically 18% for professional services) and can claim input tax credit on their business expenses. Freelancers below the threshold are exempt from GST registration but cannot collect or claim GST.

What is Section 194-IA TDS on property purchase?

Under Section 194-IA, if you buy immovable property (other than agricultural land) for ₹50 lakh or more, you must deduct TDS at 1% of the total consideration and deposit it using Form 26QB within 30 days of payment. This applies regardless of whether the seller is a resident or NRI, though NRI property purchases may attract additional TDS under Section 195. Use our [TDS Calculator](/tds-calculator/) to calculate the exact deductible amount.

What is the difference between tax deduction and tax exemption?

A tax deduction reduces your taxable income — for example, ₹1.5 lakh invested under Section 80C reduces the income on which tax is calculated. A tax exemption means certain income is not taxable at all — such as HRA exemption or LTCG up to ₹1 lakh from equity funds. Both reduce your tax outgo, but through different mechanisms. Deductions depend on your tax slab, while exemptions apply regardless of slab.