Resources
Calculators
Not published yet — and it is worth explaining the reason rather than leaving an empty page with a promise on it.
An income tax estimator is a straightforward thing to build and a difficult thing to keep correct. Rates, slabs, surcharge thresholds, rebate limits and the interaction between regimes change with each Finance Act, and a calculator that has quietly fallen a year behind gives a confident answer that is wrong.
On a Chartered Accountant’s website that is a particular problem. A visitor is entitled to assume that a number produced here has been checked, and an estimator that has not been maintained trades on that assumption. The considered view is that it is better to publish nothing than to publish a figure the firm would not stand behind.
Estimators will be added when there is a settled arrangement for reviewing them after every Finance Act — which is the real work, not the arithmetic.
In the meantime
- The Income Tax Department publishes its own calculators on the e-filing portal. They are updated by the department itself, which is the strongest guarantee of currency available.
- For a figure that a decision actually turns on — a sale, a structure, a choice between regimes — an estimate from any calculator is the wrong instrument. The variables that change the answer are usually the ones a calculator does not ask about.
In the meantime, thecompliance calendarcarries the dates, andInsights explains what has changed.