Tax & Salary Planning Calculators
Optimize your annual compensation structure, compare tax regimes, and estimate GST or TDS deductions.
Available Calculators
Guide to Indian Taxation & Salary Structuring
Taxes are a significant annual expenditure for salaried professionals and businesses. Navigating the tax landscape requires understanding active slabs, exemptions, and compliance rules. MoneyUtility offers a comprehensive suite of tax calculators to simplify calculations—allowing you to evaluate Old vs New regimes, optimize CTC structures, and check HRA or TDS splits instantly.
Old vs New Tax Regime Comparison
Choosing the right tax regime depends on your total eligible deductions. The New Tax Regime offers lower tax rates but eliminates deductions like Section 80C, 80D, HRA, and home loan interest. If your annual deductions exceed ₹3.75 lakh, the Old Regime may offer a lower tax outgo; otherwise, the New Regime is typically better. You can estimate this using our free Income Tax Calculator.
Salary Structuring & HRA Claims
Optimize your take-home pay by structuring your compensation package correctly. Keep Basic salary at exactly 40% of CTC to reduce mandatory PF deductions (which are calculated as 12% of basic). Maximize HRA tax benefits by matching the component to your rent. Use our HRA Calculator and Salary Calculator to structure your pay.
GST and TDS Compliance for Businesses
For small businesses and freelancers, tax compliance is crucial. Ensure correct billing and withholding taxes with these guidelines:
- GST Split: When selling intra-state, charge Central GST (CGST) and State GST (SGST) equally. For inter-state sales, charge Integrated GST (IGST). Use our GST Calculator to check rates.
- TDS Rates: Withhold taxes on professional fees (Section 194J) or rent payments (Section 194I) before making payouts. Check calculations using our TDS Calculator.