The new tax regime for 2026 offers lower tax rates but with fewer deductions. You can choose between the old regime (with deductions) or new regime (lower rates, no deductions).

For salaried employees, income tax is calculated on gross salary minus standard deduction (₹50,000) and other eligible deductions like 80C, 80D, etc.

Section 80C allows deductions up to ₹1.5 lakh on investments like PPF, ELSS, life insurance premiums, home loan principal, etc.

GST is calculated as: GST Amount = (Original Price × GST Rate) / 100. For inclusive price: GST = (Price × GST Rate) / (100 + GST Rate).

GST rates in India are: 0% (essential items), 5% (basic necessities), 12% (processed foods), 18% (most goods), 28% (luxury items).

Take-home salary = Gross Salary - (PF + ESI + Professional Tax + Income Tax + Other Deductions).

EMI (Equated Monthly Installment) is calculated using: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P=Principal, R=Rate/12, N=Tenure in months.

Yes, our calculators use the latest tax rules and formulas as per government guidelines. However, please consult a tax advisor for complex cases.

Our calculators are updated regularly to reflect the latest tax rules, GST rates, and financial regulations announced by the government.