Audited against published schedules under the Income-tax Act, 1961 (as amended by Finance Acts) from Income Tax Department (CBDT).
How Your Calculation Works (India • FY 2026-27)
This calculation tool operates strictly in accordance with statutory tax brackets and financial schedules published by Income Tax Department (CBDT) for the FY 2026-27 fiscal tax year (Income-tax Act, 1961 (as amended by Finance Acts)).
Calculates GST on intra-state supplies (split 50% CGST + 50% SGST) and inter-state transactions (100% IGST) for add-tax and remove-tax operations.
Intra-State: GST = Net × Rate% (CGST 50% + SGST 50%) | Inter-State: IGST = Net × Rate%Statutory Allowances & Deductions
New Tax Regime standard deduction of ₹75,000 combined with Section 87A rebate provides zero tax liability up to ₹12.75 Lakhs gross for salaried taxpayers.
Under the Old Regime, Section 80C (₹1.5L), Section 80D (health insurance), and HRA Section 10(13A) provide extensive taxable income relief.