Financial & Statutory Disclaimer

Notice: Results provided by our tools are estimates for general guidance only. They do not constitute certified tax advice, financial planning, or binding legal representations.

1. Not Legal or Tax Advice

The computations generated by CalcWise (including but not limited to the Income Tax Calculator, Old vs New Tax Regime Comparator, GST Calculator, and Advance Tax Estimator) are based upon publicly enacted statutes like the Income Tax Act 1961, CGST Act 2017, and Finance (No. 2) Act 2024. However, individual financial situations involve complex nuances such as past losses, alternate minimum tax (AMT), clubbing of income, and varying state regulations.

Always consult a certified Chartered Accountant (CA) or tax professional before filing statutory returns or making tax elections.

2. Investment Risk & Mutual Funds

Calculators projecting mutual fund SIP growth, step-up returns, and compound interest assume fixed annualized rates of return for educational modeling. Mutual fund investments are subject to market risks. Past returns are not indicative of future performance.

3. Health Disclaimer (BMI)

Body Mass Index (BMI) is an approximate statistical indicator and does not differentiate between body fat and lean muscle mass. Please seek medical guidance from a qualified healthcare practitioner regarding personal health and weight targets.