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Direct Tax Suite

Income Tax Calculators & Direct Tax Tools

Explore comprehensive direct tax tools built in accordance with the Income-tax Act, 1961, Finance Acts, and CBDT circulars. Compare Old vs New Tax Regimes under Section 115BAC, compute Long-Term & Short-Term Capital Gains under post-Budget 2024 amendments, and evaluate statutory direct tax liabilities.

Governed by Income-tax Act, 1961, Section 115BAC, Sections 111A, 112A, 112, 50AA, 234A/B/C/F, and CBDT annual Master Circulars.
Available Statutory Calculators

Active Income Tax Calculators & Direct Tax Tools Suite

6 Functional Tools
Income Tax

Old vs New Tax Regime Comparator

Compare statutory tax liability under Old vs New Tax Regime (Section 115BAC) for AY 2027-28, 2026-27 & 2025-26 with Chapter VI-A deductions, rebate & surcharge.

Section 115BAC & Finance Acts
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Capital Gains

Capital Gains Tax Calculator Pro

Compute STCG & LTCG under Sections 111A, 112A, 112 & 50AA with post 23-July-2024 statutory rates (12.5% LTCG, 20% STCG), ₹1.25L exemption & property grandfathering comparison.

Sections 111A, 112A, 112, 50AA
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HRA Exemption

HRA Exemption Calculator (Sec 11 / Sec 10(13A))

Evaluate House Rent Allowance tax exemption under Rule 279 (Income-tax Act, 2025) for FY 2026-27 with expanded 8-city 50% schedule, and Section 10(13A) / Rule 2A (Income-tax Act, 1961) for FY 2025-26.

Rule 279 (IT Act 2025) & Sec 10(13A)
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Advance Tax

Advance Tax & Interest Calculator (Sec 234A/B/C)

Quarterly advance tax installment schedule (15%, 45%, 75%, 100%) and deterministic computation of penal interest under Sections 234A, 234B, and 234C with Rule 119A rounding.

Sections 208, 209, 211, 234A/B/C
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Chapter XVII-B & XVII-BB

TDS / TCS Rate & Threshold Checker

Deterministic statutory lookup and calculation of TDS withholding and TCS collection rates, threshold limits, Section 206AA non-PAN rates, and Section 206AB higher rates under Chapter XVII-B & XVII-BB of the Income-tax Act, 1961.

Chapter XVII-B & XVII-BB, Income-tax Act, 1961
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Sections 22 to 27 & 80C

House Property & Home Loan Tax Benefit Calculator

Deterministic statutory computation of Net Annual Value (NAV), Section 24(a) 30% standard deduction, Section 24(b) home loan interest cap (₹2L for SOP), Section 80C principal deduction, and Section 71(3A) loss set-off under the Income-tax Act, 1961.

Chapter IV-C & Sections 80C, 80EEA, 71(3A), Income-tax Act, 1961
Open Calculator
Planned Statutory Tools Roadmap

In Development & Upcoming Regulatory Models

These models are undergoing statutory verification and will be published once fully calibrated.

In Development

Section 234F Late Filing Fee Estimator

Statutory fee estimator under Section 234F for delayed ITR filing (₹1,000 for income up to ₹5L, ₹5,000 for income exceeding ₹5L).

Section 234F Income Tax Act
Statutory Guidance & Explanatory Notes

Statutory comparison models, capital gains estimators, and tax liability tools for Indian taxpayers.

Explore comprehensive direct tax tools built in accordance with the Income-tax Act, 1961, Finance Acts, and CBDT circulars. Compare Old vs New Tax Regimes under Section 115BAC, compute Long-Term & Short-Term Capital Gains under post-Budget 2024 amendments, and evaluate statutory direct tax liabilities.

Governing Statutory Framework

Governed by Income-tax Act, 1961, Section 115BAC, Sections 111A, 112A, 112, 50AA, 234A/B/C/F, and CBDT annual Master Circulars.

Statutory & Legal FAQs

Frequently Asked Questions

Under Section 115BAC, the New Tax Regime offers lower concessional tax slabs and a standard deduction of ₹75,000 for salaried employees (AY 2026-27 / 2027-28), along with full rebate up to ₹7,00,000 net taxable income (effective zero tax up to ₹7.75 Lakhs with standard deduction), but disallows Chapter VI-A deductions (80C, 80D) and HRA exemptions. The Old Regime allows all deductions but has higher slab rates.
Professional Advisory

Need Professional Assistance with Departmental Filings, Notices, or Tax Planning?

Calculations provide indicative statutory estimates. For departmental filings, notice resolution, and custom tax planning, consult directly with SKM LAWS AND ASSOCIATES.