Advanced Income Tax Calculator - GST With Nitesh

FY 2024-25 FY 2023-24 FY 2022-23

Advanced Income Tax Calculator

Professional Tax Solutions

💼 Salary Income

Employer Name

Basic Salary (₹)

HRA Received (₹)

Rent Paid (₹)

LTA (₹)

Special Allowance (₹)

Other Allowances (₹)

🏠 House Property Income

Property Address

Property Type Let Out (किराये पर) Self Occupied (खुद रहते हैं) Deemed Let Out (3rd+ property)

Annual Rental Income (₹) ℹ️ Jo actual rent milta hai per year

Unrealized Rent (₹) ℹ️ Jo rent nahi mil paya (tenant ne nahi diya)

Municipal Tax Paid (₹) ℹ️ Nagar Nigam ko diya gaya property tax

Home Loan Interest (₹) ℹ️ Self-occupied: Max ₹2L | Let-out: No limit

Property Number ℹ️ Sirf 2 self-occupied allowed, baaki deemed let-out 1st Property 2nd Property

📊 House Property Calculation

Gross Annual Value (GAV): ₹0

Less: Municipal Tax: - ₹0

Net Annual Value (NAV): ₹0

Less: Standard Deduction (30%): - ₹0

Less: Home Loan Interest: - ₹0

Income from House Property: ₹0

💼 Business/Profession Income

Business Name

Business Type Presumptive (Sec 44AD) - Turnover < ₹2Cr Presumptive (Sec 44ADA) - Professional < ₹50L Regular Books of Accounts

Total Turnover (₹) ℹ️ Total sales/receipts during the year

Digital Receipts (₹) ℹ️ Online/UPI/Card payments (6% profit assumed)

Gross Receipts (₹)

Business Expenses (₹)

Depreciation (₹)

📊 Business Income Calculation

Cash/Cheque @ 8%: ₹0

Digital @ 6%: ₹0

Gross Receipts: ₹0

Less: Expenses: - ₹0

Less: Depreciation: - ₹0

Business Income: ₹0

📈 Capital Gains

📊 Long Term Capital Gains (LTCG)

Equity Shares/Mutual Funds (₹) ℹ️ Holding > 12 months | Tax: 10% above ₹1L | Exemption: ₹1L per year

Property/Gold/Debt (₹) ℹ️ Holding > 24/36 months | Tax: 20% with indexation

Indexation Benefit (₹) ℹ️ Only for property/gold/debt - inflation adjustment

⚡ Short Term Capital Gains (STCG)

Equity Shares/Mutual Funds (₹) ℹ️ Holding < 12 months | Tax: 15% flat on STT paid transactions

Other Assets (₹) ℹ️ Property/Gold/Debt < holding period | Tax: As per slab

📊 Capital Gains Summary

LTCG (Equity) - Exemption: ₹0

LTCG (Equity) - Taxable @ 10%: ₹0

LTCG (Property/Gold) - After Indexation @ 20%: ₹0

STCG (Equity) @ 15%: ₹0

STCG (Other) @ Slab: ₹0

Total Capital Gains: ₹0

💰 Income from Other Sources

Interest Income (₹)

Dividend Income (₹)

Other Income (₹)

🧾 TDS Already Paid

TDS on Salary (₹)

TDS on Other Income (₹)

Advance Tax Paid (₹)

🎯 Deductions (Old Regime)

▼

80C - Investments (₹) Max ₹1.5L

80D - Health Insurance (₹) Max ₹75K

80G - Donations (₹)

80E - Education Loan Interest (₹)

80TTA/TTB - Savings Interest (₹) Max ₹10K/₹50K

80CCD(1B) - NPS (₹) Max ₹50K

🎯 Tax Planning Tools

📊

Old Regime

Total Income: ₹0

Total Deductions: ₹0

Taxable Income: ₹0

Income Tax: ₹0

Rebate u/s 87A: ₹0

Cess (4%): ₹0

Total Tax: ₹0

🆕

New Regime

Total Income: ₹0

Standard Deduction: ₹0

Taxable Income: ₹0

Income Tax: ₹0

Rebate u/s 87A: ₹0

Cess (4%): ₹0

Total Tax: ₹0

💡 Tax Comparison

💰

Tax Saving

₹0

📊

Recommended

-

📈

Savings %

0%

📊 Tax Distribution

📈 Old vs New Regime

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Disclaimer: For informational purposes only. Consult a tax professional.