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India runs a GST (5/12/18/28%) on goods and services and a progressive income tax with old and new regimes. This tool models the new regime for FY 2024-25.
India's Goods and Services Tax replaced the patchwork of VAT, excise, and service tax in 2017. Most consumer goods sit at 5%, 12%, 18%, or 28%; the calculator defaults to the most-common 18% slab. Petroleum, alcohol, and a few categories sit outside GST.
The new tax regime (default since FY 2023-24) offers lower headline rates but removes most exemptions and deductions. The calculator models the new regime with the ₹50,000 standard deduction. The old regime is still available if your section 80C/HRA deductions outweigh the rate cut.
State-level cess (4% health + education), surcharge on incomes above ₹50 lakh, capital gains tax, and most credits aren't modelled. For filing, consult a CA or use the Income Tax Department portal.
Goods and Services Tax (GST) is India's nationwide indirect tax replacing the older patchwork of VAT, excise, and service tax. The four main rates are 5%, 12%, 18%, and 28%, applied based on the category of goods or services. Essentials like unbranded food are typically exempt or at 5%; luxury and 'sin' goods sit at 28% with added cess.
Under the new regime: 0% up to ₹3,00,000, 5% from ₹3-7 lakh, 10% from ₹7-10 lakh, 15% from ₹10-12 lakh, 20% from ₹12-15 lakh, and 30% above ₹15 lakh. A standard deduction of ₹50,000 is applied before brackets are walked. A 4% health and education cess applies on top of computed tax.
The new regime is now the default and is usually better for salaried filers without large 80C investments or HRA. The old regime makes sense if your total exemptions and deductions (PF, ELSS, life insurance premiums, HRA, home loan interest) exceed roughly ₹2.5–3 lakh per year — but you should compare both for your numbers.
No — the calculator shows the base tax under the new regime brackets. Add roughly 4% on top of the displayed tax to estimate the cess (health and education cess). A surcharge also applies on incomes above ₹50 lakh, which is also not modelled.
No. It's a free educational tool that uses the FY 2024-25 new-regime brackets published by the Income Tax Department. Always verify your liability with a Chartered Accountant or the official portal before filing.
For information only — not financial, tax, or legal advice.
India tax results are educational estimates using public brackets. Surcharges, cess, state / provincial layers, and most credits are excluded. Always verify with an official source and a licensed professional before filing, borrowing, or transacting. Read the full disclaimer.
ExpenseFlow tags every receipt with its tax breakdown automatically — OCR, categorization, and reports included.
