⚡ Comprehensive Tax Engine Features:
All Income Sources: Calculate estimates across major streams including Salary, House Property, Business Profits, Capital Gains, and Other Sources.
Old vs. New Regime Comparison: Run side-by-side analyses to evaluate potential tax savings and identify the most efficient regime for your profile.
Detailed Tax Breakdown: View a clear, itemized journey from your Gross Total Income down to Net Taxable Income, applying relevant rebates and surcharges.
Marginal Relief Logic: The calculator includes built-in logic to estimate Marginal Relief (Sec 115BAC), helping you understand how edge-case thresholds impact your liability.
Tax Efficiency Insights: A visual scoring system that analyzes your tax-to-income ratio, providing a simple grade to help you review your financial profile.
Visual Analytics: Clear, color-coded charts break down your take-home pay, estimated tax, and deductions at a single glance.
Smart Contextual Tips: The app provides dynamic, rule-based reminders regarding common exemptions and deductions based on the data you input.
Capital Gains Support: Includes estimation logic for Long-Term Capital Gains (LTCG) exemptions (Sec 112A) for modern investors.
Automated Section 87A: If your net taxable income falls below the eligible threshold, the calculator automatically applies the Section 87A rebate.
Surcharge Handling: Built to accommodate higher income brackets with built-in calculations for standard surcharge thresholds (10%, 15%, 25%).
Automatic Standard Deductions: The engine seamlessly applies the relevant standard deductions (e.g., ₹75,000 for the New Regime) for salaried users.
🛠️ User Experience & Privacy:
Easy Export to C.A.: Generate a clean, beautifully formatted text summary of your calculation with one tap, ready to share via messaging apps with your accountant.
Local Calculation History: Save your recent tax scenarios directly to your device's local storage to review past estimates without an internet connection.
Dark & Light Modes: Choose between a sleek dark theme or a clean, traditional light mode to match your aesthetic preference.
On-Device Privacy: Your privacy is our priority. Calculations happen locally on your phone. No internet connection is required to perform calculations, and your financial data is not transmitted to or stored on cloud servers.
⚠️ IMPORTANT DISCLAIMERS:
No Government Affiliation: This app is an independent, privately developed utility tool. It is NOT affiliated with, authorized by, endorsed by, or connected to the Income Tax Department of India or any government entity.
Source of Information: The calculation logic is based on publicly available tax slabs and general guidelines published by the Income Tax Department, Government of India. You can view the official guidelines at: https://www.incometax.gov.in
Not Professional Advice: The results provided by TaxCalculator.AI are for estimation, reference, and educational purposes only. They do not constitute legal, financial, or professional tax advice. We strongly recommend consulting a certified professional or Chartered Accountant (CA) for your actual tax filing and financial planning.
📱 About Us:
Built with ❤️ by Pratik Tamrakar. Special thanks to Prof. Pawan Kumar Tamrakar for his academic guidance in commerce and taxation.