Question 1

Which tax regime is better for FY 2025-26: Old or New?

Accepted Answer

The New Tax Regime (Section 115BAC) offers lower rates but few exemptions. The Old Regime is better if you have significant investments in 80C, 80D, and Home Loan interest. Our Tax Optimizer compares both based on your specific deductions.

Question 2

How to calculate HRA exemption for rent paid in India?

Accepted Answer

HRA exemption is the least of: 1) Actual HRA received, 2) 50% of salary (Metros) or 40% (Non-metros), or 3) Rent paid minus 10% of salary. Our tool automates this 'least of three' logic instantly.

Question 3

What are the current GST slabs in India?

Accepted Answer

Standard GST slabs in India are 5%, 12%, 18%, and 28%. Some items attract 0% or 3% (gold). Our GST calculator breaks down the total price into CGST, SGST, and IGST for easy invoicing.

Question 4

How to calculate monthly in-hand salary from CTC?

Accepted Answer

Monthly In-Hand = (Gross Salary - PF - Professional Tax - TDS). Our Salary Breakdown tool calculates these statutory deductions based on current Indian labor laws and tax slabs.

Question 5

Can I claim both HRA and home loan interest deduction?

Accepted Answer

Yes, you can claim both if you live in a rented house while your own house is in another city or rented out. This is a powerful tax-saving strategy for many Indian professionals.

Question 6

What is Reverse GST and when is it applicable?

Accepted Answer

Reverse Charge Mechanism (RCM) applies when the liability to pay GST is on the recipient instead of the supplier. This usually happens when a registered business buys from an unregistered dealer in specific sectors.

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