GST Exclusive GST Inclusive
Easy GST Calculator Online: You can easily calculate your GST with our online GST calculator India. Get accurate GST amount, total price after tax and details of CGST and SGST. Select your rates (5%, 12%, 18%, 28%) and calculate instantly. A fast, responsive, and user-friendly tool for individuals and businesses!
What Is a Easy GST Calculator Online?
It is an online tool that helps users to calculate Goods and Services Tax (GST) on a given amount. It simplifies tax calculations by providing GST Amount, Total Price After Tax and CGST and SGST breakdown for Intra-State transactions.
Users can select different GST rates (5%, 12%, 18%, 28%) and choose between GST-inclusive and GST-exclusive calculations. It is commonly used by Businesses, Accountants and Individuals to perform accurate tax computations.
What is the Benefit of the GST Calculator
It is very easy to use. It provides you with essential information about your tax payments. Everything you buy is taxed according to GST, so this online calculator simplifies complex calculations for you. In just a few seconds, you can find out how much tax you will have to pay.
Formula for Calculating Amount
- GST Amount: (Original Cost x GST Rate Percentage) / 100
- Net Price: Original Cost + GST Amount
Suppose the original cost of a product is Rs 2,000 and the GST rate is 5 to 18%.
- GST Amount: (2000 x 18) / 100 = 360
- Net Price: 2000 + 180 = 2360
Similarly, you can calculate the remaining percentage.
How to use GST Calculator Online?
You can use our tool by following the steps below:
- Enter the total amount in the Original Price box.
- In the next step, select your percentage in the GST Rate (%) box.
- Then select GST Exclusive and GST Inclusive.
- The amount will be displayed to you immediately.
What is the Pre-GST Amount?
It refers to the price of a good or service before GST. It reflects the base cost without any indirect taxes, such as Excise Duty, VAT, etc. Easy GST Calculator Online
What is Post-GST Amount?
It represents your final price for a good or service after including the applicable GST rate. It essentially represents the combined cost of the pre-GST amount and the calculated GST amount.
What is the Total GST Amount
It represents the actual tax levied on a good or service under the GST regime. It is calculated by multiplying the pre-GST amount by the specific GST rate applicable to that category. This value is then added to the pre-GST amount to get the final post-GST amount.
What is a Tax Slab
Tax slab refers to a range of income levels that are taxed at different rates under the Progressive Taxation System. In this system, the tax rate increases as the income increases.
Each slab has a specific tax rate, and individuals or businesses falling under a particular slab have to pay tax according to that rate.
For example, in India’s income tax system, different income groups are taxed at different rates as given below:
- 0% on income up to ₹2,50,000 (for individuals below 60 years of age)
- 5% between ₹2,50,001 – ₹5,00,000
- 10% between ₹5,00,001 – ₹7,50,000
- 15% between ₹7,50,001 – ₹10,00,000
- 20% between ₹10,00,001 – ₹12,50,000
- 30% tax on income above ₹15,00,000
Similarly, Goods and Services Tax in India also follows the tax slab system:
- Essential Goods & Services- 5%
- Standard Goods & Services- 12%
- Most Goods & Services- 18%
- Luxury & Sin Goods- 28%
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Frequently Asked Questions
1. How many GST Slabs are there?
Ans: Total four slabs- 5%, 12%, 18% and 28%
2. What is GSTIN?
Ans: Enterprises have to register themselves under GST and they will get a 15-digit Unique Identification Number called GSTIN.