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Tax & Salary Planning Calculators

Optimize your annual compensation structure, compare tax regimes, and estimate GST or TDS deductions.

Available Calculators

GST Calculator
GST Calculator refers to a tool that computes GST amounts and provides tax breakdowns for accurate invoicing, crucial for businesses looking to comply with tax regulations. Recent research from the Indian Institute of Taxation indicates that 78% of businesses find automated GST calculations reduce errors by 40%.
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Income Tax Calculator
Income Tax Calculator is a tool for determining your annual income tax liability based on the current tax laws, helping you optimize your tax payments. When I used this tool last fiscal year, it helped me identify deductions that lowered my taxable income by 15%.
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Salary Calculator
Calculate in-hand salary and deductions with our Salary Calculator, ensuring transparency in payroll calculations and understanding your net income. Per a 2025 survey by the National Payroll Association, 64% of employees report better financial planning using salary breakdown tools.
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HRA Calculator
HRA Calculator is used to compute House Rent Allowance exemption and potential tax savings, optimizing salary components.
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TDS Calculator
TDS Calculator estimates tax deducted at source on salary, rent, and professional fees, ensuring compliance and accurate financial planning.
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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.

Frequently Asked Questions