Your Complete Indian Tax & Investment Guide
A professional simulation tool for Individuals, Corporates, Firms, MSMEs, Partnership Firms & NGOs — covering Income Tax (Old & New Regime), GST computation, deduction planning, and smart investment tips under Indian law.
Salary, Business, Profession income. Old & New Tax Regime. All deductions.
Corporate Tax, Partnership, LLP, Domestic & Foreign companies.
CGST, SGST, IGST, Composition Scheme, ITC. Multi-rate support.
80C, 80D, NPS, HRA, LTCG/STCG, mutual funds, tax-free bonds.
Sec 12A/12AB, 80G registration, FCRA, exemptions & compliance.
Key terms, sections, and definitions under Income Tax & GST Acts.
New Tax Regime (Default)
The New Tax Regime is now the default regime for all taxpayers from FY 2023-24 onwards. Rebate u/s 87A increased — no tax up to ₹12 lakh income (₹12.75L for salaried with standard deduction).
Standard Deduction
₹75,000 Standard Deduction available under New Regime (increased from ₹50,000). Old Regime retains ₹50,000.
Key Budget 2025 Changes
• TDS threshold on interest raised to ₹1 lakh (senior citizens)
• 87A rebate: Up to ₹12L taxable income = zero tax
• MSME credit guarantees enhanced
• NPS Vatsalya for minors introduced
Disclaimer
This simulator is for educational/planning purposes. Tax laws change; consult a Chartered Accountant for final filing decisions.
👤 Individual / HUF Income Tax Calculator
FY 2025–26 (AY 2026–27) — Compare Old Regime vs New Regime
Tax Slab Breakup
| Income Range | Rate | Tax on Slab |
|---|---|---|
| Tax before Surcharge & Cess | ₹0 | |
| Surcharge (if applicable) | ₹0 | |
| Health & Education Cess (4%) | ₹0 | |
| 87A Rebate (if applicable) | -₹0 | |
| Net Tax Payable | ₹0 | |
Effective Tax Rate
Monthly Tax (TDS)
🏢 Corporate / Firm / MSME Tax Calculator
FY 2025–26 — Companies, Partnership Firms, LLP, Sole Proprietorship, MSME
MSME Classification (2024)
| Category | Investment | Turnover |
| Micro | ≤ ₹1 Cr | ≤ ₹5 Cr |
| Small | ≤ ₹10 Cr | ≤ ₹50 Cr |
| Medium | ≤ ₹50 Cr | ≤ ₹250 Cr |
Tax Benefits for MSMEs
- Presumptive Tax u/s 44AD (Turnover ≤ ₹2 Cr)
- Reduced rate if registered u/s 44ADA (Professionals ≤ ₹75L)
- Deduction u/s 32AC for capital investment
- MSME Samadhaan — delayed payment protection
- Priority Sector Lending & lower interest rates
- QCO (Quality Control) incentives
🧾 GST 2.0 — Complete Compliance & Planning Hub
GST Calculator · ITC Optimizer · E-Invoice · E-Way Bill · GSTR Filing Calendar · RCM · Composition · Annual Return · Penalty · Tax Savings — Updated for GST 2.0 Framework
| Description | HSN/SAC | Qty | Unit Rate | Taxable Value | GST Amount | Total |
|---|
📈 Investment Planning Hub
India's most complete investment planning tool — 80C · 80D · NPS · SIP · LTCG Harvesting · Retirement · Child Education · Gold · SGB · Real Estate · Insurance · FD Comparison · Portfolio Visualiser
Total 80C Investments
📊 80C Quick Comparison
| Instrument | Rate | Lock-in | Tax on Return | Best For |
|---|---|---|---|---|
| ELSS MF | ~12–15%* | 3 yrs | LTCG @12.5% >₹1.25L | Wealth creation |
| PPF | 7.1% | 15 yrs | Tax-Free (EEE) | Safe long-term |
| SSY | 8.2% | 21 yrs | Tax-Free (EEE) | Girl child |
| SCSS | 8.2% | 5 yrs | TDS @10% | Senior citizens |
| NSC | 7.7% | 5 yrs | Taxable (slab) | Guaranteed return |
| Tax FD | 6.5–7.5% | 5 yrs | TDS @10% | Liquidity prefer |
*ELSS historical returns — not guaranteed. Market risk applies.
Total 80D Deduction
NPS — Section 80CCD(1B) — Extra ₹50,000
Over and above 80C limit. Old Regime only. Tier-I account. At 60: 60% lump sum (tax-free) + 40% annuity.
80D Tips for Maximum Benefit
• Floater cover ₹10L for family: ~₹12,000–20,000/yr
• Super Top-Up plan adds coverage cheaply
• Critical illness rider covers Cancer, Heart attack
• Separate parent policy often cheaper & smarter
• Claim preventive check-up ₹5,000 — no bills needed
Maturity Value
Total Invested
Wealth Ratio
Enter details and click Compare
We'll compare: Physical Gold vs Sovereign Gold Bonds vs Gold ETF vs Gold Mutual Fund on returns, tax efficiency, and cost.
🥇 Gold Investment Quick Reference
| Type | GST | Making Charges | Storage Risk | LTCG Tax | Annual Income |
|---|---|---|---|---|---|
| Physical Gold | 3% | 10–20% | High | 12.5% (>3yr, no index) | None |
| Sovereign Gold Bond | None | None | None | Tax-FREE at maturity | 2.5% p.a. |
| Gold ETF | None | 0.5–1% expense | None | 12.5% (>1yr equity) | None |
| Gold Mutual Fund | None | 0.5–1% expense | None | 12.5% (>1yr equity) | None |
Enter Parameters
Enter details to compare
Comparison factors: Capital appreciation, rental yield, tax efficiency, liquidity, transaction costs, opportunity cost.
Enter details to compare
FD interest is taxable at slab rate. Debt MF gains (post Apr 2023) also taxable at slab. We show net post-tax returns.
Enter details to calculate
We use the Human Life Value (HLV) method to calculate your ideal term insurance cover and recommend health cover adequacy.
📋 Insurance vs Investment — Key Rule
• Term Insurance (pure risk): ₹1 Cr cover costs only ₹8,000–12,000/yr for a 30-yr-old. Always buy this first.
• ULIP/Endowment: Avoid as investment — returns are poor (4–6%). Buy separately: Term for insurance + ELSS/PPF for investment.
• Health Insurance: Minimum ₹5–10L family floater + Super top-up for medical emergency cover.
• Tax Benefit: Term/Health premium → 80D; Life premium → 80C
What is LTCG Harvesting?
Book LTCG up to ₹1,25,000 every financial year — completely tax-free. Sell equity/MF and immediately rebuy. This resets your cost price higher, permanently reducing future taxable gains. Repeat every year for tax-free compounding.
Enter portfolio details to see harvesting opportunity
Enter your current portfolio holdings to see asset allocation and risk analysis:
Enter holdings to see your allocation
We'll show your asset mix, risk profile, and suggest rebalancing based on Indian financial planning best practices.
Never mix insurance with investment
Buy pure term insurance (₹1 Cr for ~₹8,000/yr at 30). Invest separately in ELSS or PPF for better returns than any ULIP or endowment plan.
Book ₹1.25 lakh LTCG gains every March
Sell and immediately rebuy equity to utilise the annual ₹1.25L LTCG exemption. Completely tax-free. Repeat every year for compounding benefit.
Sovereign Gold Bonds over physical gold
SGB gives 2.5% annual interest + zero LTCG tax at maturity. No storage risk. No GST on purchase. Far superior to physical gold in every dimension.
Start a child's SSY account immediately
Sukanya Samriddhi Yojana gives 8.2% guaranteed, tax-free return (EEE). Best instrument for daughter's education or marriage. Maximum investment ₹1.5L/year (inside 80C).
Asset Allocation by Age — "100 minus age" rule
At 30: ~70% equity, 20% debt, 10% gold. At 50: ~50% equity, 40% debt, 10% gold. Rebalance annually. Don't try to time the market — stay invested through SIP.
Employer NPS contribution is the best tax break (New Regime)
u/s 80CCD(2): Employer NPS up to 14% of basic is deductible even under New Regime. Negotiate this into your CTC — it costs employer nothing extra (they get deduction too).
PMVVY for senior citizens — guaranteed 7.4% for 10 years
Pradhan Mantri Vaya Vandana Yojana (LIC): Max ₹15L investment, guaranteed 7.4% pension for 10 years. Senior citizens should consider alongside SCSS 8.2%.
Diversify with International Mutual Funds
Allocate 10–15% of equity portfolio to international funds (Nasdaq, S&P 500). Taxed at slab rate now (post Apr 2023 debt MF rule) but offers USD appreciation + global diversification.
🤝 NGO / Trust / Society Tax & Compliance
Section 12A, 12AB, 80G, FCRA, and exemption computation
Minimum Application Required (85%)
Accumulation Permitted (15%)
Income Tax Compliance
- File ITR-7 annually (due: 31 Oct)
- File Form 10B (Audit report) if receipts > ₹1 Cr
- File Form 9A if accumulation u/s 11(2)
- Form 10 — Notice of accumulation within due date
- Annual renewal of 80G every 5 years (12AB)
- Maintain separate accounts for FCRA
Common Disqualifications
- Income not applied ≥ 85% in India
- Funds used for religious purposes beyond limits
- Benefits to specified persons (trustees, etc.)
- FCRA violation — mixing funds
- Non-filing of ITR-7 or audit report
- Investments in prohibited modes
📚 Indian Tax Glossary & Key Sections
Quick reference to Income Tax Act 1961 & GST Act 2017 terms
Section 10 — Exemptions
10(10D): Life insurance proceeds exempt
10(13A): HRA exemption for salaried
10(14): Special allowances (LTA, children education)
10(17A): Awards by Government
10(38): LTCG on equity (now u/s 112A)
Section 80C — Investment Deductions
Max deduction: ₹1,50,000
Includes: EPF, PPF, ELSS, NSC, 5-yr FD, SSY, LIC premium, home loan principal, tuition fees, ULIP, Senior Citizen Savings Scheme, NPS (80CCD(1))
Section 80D — Medical Insurance
Self & Family: ₹25,000 (₹50,000 if senior citizen)
Parents: ₹25,000 (₹50,000 if senior citizen)
Preventive check-up: ₹5,000 (within above limits)
Max possible: ₹1,00,000 (both senior citizens)
Section 87A — Tax Rebate
New Regime (FY 2025-26): Rebate up to ₹60,000 if taxable income ≤ ₹12,00,000. Effectively zero tax up to ₹12L.
Old Regime: Rebate of ₹12,500 if taxable income ≤ ₹5,00,000.
Section 112A — LTCG on Equity
LTCG on listed equity shares/equity MF units held > 12 months:
• Exempt up to ₹1,25,000 (FY 2024-25 onwards)
• Taxed at 12.5% on gains exceeding ₹1.25L
• No indexation benefit
Section 24 — Home Loan Interest
Self-occupied property: Max ₹2,00,000 deduction
Let-out property: Full interest deductible
Available only in Old Regime. Pre-construction interest in 5 equal installments.
Section 44AD / 44ADA — Presumptive Tax
44AD: Business with turnover ≤ ₹2 Cr — declare 8% (6% for digital receipts) as profit
44ADA: Professionals (doctor, CA, lawyer) receipts ≤ ₹75L — declare 50% as income
No audit required if opted
Types of GST
CGST: Central GST (collected by Centre, intra-state)
SGST: State GST (collected by State, intra-state)
IGST: Integrated GST (inter-state, imports, collected by Centre, shared with states)
UTGST: For Union Territories
GST Registration Threshold
Normal States: ₹40 lakh (goods), ₹20 lakh (services)
Special Category States: ₹20 lakh (goods), ₹10 lakh (services)
E-commerce operators: Compulsory registration regardless of turnover
Composition Scheme
Available for turnover ≤ ₹1.5 Cr:
• Manufacturers/Traders: 1% (0.5% CGST + 0.5% SGST)
• Restaurant (non-alcohol): 5% (2.5%+2.5%)
• Service providers: 6% (3%+3%)
Cannot claim ITC. Quarterly return (CMP-08).
Input Tax Credit (ITC)
GST paid on inputs can offset output liability.
Blocked u/s 17(5): Motor vehicles (personal), food/beverages, clubs, health services, works contract for immovable property, personal use items.
Must file GSTR-2B reconciliation monthly.
GST Returns
GSTR-1: Outward supplies (11th of next month)
GSTR-3B: Monthly summary return (20th of next month)
GSTR-9: Annual return (31 December)
GSTR-9C: Reconciliation statement (turnover > ₹5 Cr)
Reverse Charge Mechanism (RCM)
In RCM, the recipient (not supplier) pays GST. Applies to:
• Goods Transport Agency services
• Legal services by advocate
• Import of services
• Specified goods notified by Government
ITC available on RCM paid for business use.
E-Way Bill
Required for movement of goods > ₹50,000 in value.
• Generated on GST portal before movement
• Valid for 1 day per 100 km (for normal cargo)
• Not required for exempt goods, non-motorised vehicles, intra-city movement
| Form / Return | Due Date | Who |
|---|---|---|
| ITR (Non-Audit cases) | 31 July 2026 | Individual/HUF |
| ITR (Audit cases) | 31 Oct 2026 | Businesses |
| Tax Audit Report (3CA/3CB) | 30 Sep 2026 | Audit required |
| Advance Tax — Q1 | 15 June 2025 | All taxpayers |
| Advance Tax — Q2 | 15 Sep 2025 | All taxpayers |
| Advance Tax — Q3 | 15 Dec 2025 | All taxpayers |
| Advance Tax — Q4 | 15 Mar 2026 | All taxpayers |
| GSTR-3B (Monthly) | 20th each month | Regular taxpayers |
| GSTR-1 (Monthly) | 11th each month | Regular taxpayers |
| GSTR-9 (Annual) | 31 Dec 2026 | All registered |
| TDS Return (Q4) | 31 May 2026 | TDS deductors |