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Compute tax liability for AY 2026-27 (Finance Act 2025)
| Nature of Employment i | |
| 1. Gross Salary | |
| Basic Pay i | |
| Dearness Allowance (DA) i | |
| HRA (House Rent Allowance) i | |
| Bonus / Commission i | |
| Other Allowances (Special, etc.) i | |
| 2. Perquisites | |
| Rent-free Accommodation i | |
| Other Perquisites i | |
| 3. Retirement Benefits | |
| Taxable Gratuity/Pension i | |
| 4. Gross Salary Total | ₹ 0 |
| 5. Less: Exemptions u/s 10 | |
| HRA Exemption (Sec 10(13A)) i | |
| Leave Travel Allowance (LTA) i | |
| Children Education Allowance i | |
| Transport Allowance (specific cases) i | |
| Other Exemptions i | |
| 6. Net Salary (4-5) (Old Regime) | ₹ 0 |
| 6. Net Salary (4-5) (New Regime) | ₹ 0 |
| 7. Deductions u/s 16 | |
| Standard Deduction i | ₹ 50,000 (Old) / ₹ 75,000 (New) |
| Professional Tax i | |
| 8. Income Chargeable under "Salaries" (Old Regime) | ₹ 0 |
| 9. Income Chargeable under "Salaries" (New Regime) | ₹ 0 |
Select the type of property and enter details. You can select multiple property types if applicable.
| Particulars |
Self-Occupied
i
(SOP)
|
Let-Out
i
(LOP)
|
Deemed Let-Out
i
(DLOP)
|
|---|---|---|---|
| 1. Gross Rent Received/Receivable (GAV) i | |||
| 2. Less: Municipal Taxes Paid i | |||
| 3. Net Annual Value (NAV) i | ₹ 0 | ₹ 0 | ₹ 0 |
| 4. Less: Deductions u/s 24 | |||
| a. Standard Deduction (30% of NAV) i | ₹ 0 | ₹ 0 | ₹ 0 |
| b. Interest on Borrowed Capital i | |||
| 5. Income from House Property i | ₹ 0 | ₹ 0 | ₹ 0 |
Enter details of capital assets sold during the financial year. You can add multiple assets.
| 1. Sale Consideration | |
| - STCG Sale Consideration | ₹ 0 |
| - LTCG Sale Consideration | ₹ 0 |
| 2. Less: Transfer Expenses | |
| 3. Net Sale Consideration | ₹ 0 |
| 4. Less: Cost of Acquisition | |
| - STCG Purchase Consideration | ₹ 0 |
| - LTCG Purchase Consideration | ₹ 0 |
| 5. Less: Cost of Improvement | |
| 6. Short-Term Capital Gain (STCG) | ₹ 0 |
| 7. Long-Term Capital Gain (LTCG) | ₹ 0 |
| 8. Gross Capital Gain | ₹ 0 |
| 9. Less: Exemptions u/s 54 series | ₹ 0 |
| 10. Net Capital Gain | ₹ 0 |
| Section | Exemption Condition | Time Limit | Lock-in Period | Your Investment | Exemption Amount | Action |
|---|
| 1. Sale Consideration | |
| - STCG Sale Consideration | ₹ 0 |
| - LTCG Sale Consideration | ₹ 0 |
| 2. Less: Transfer Expenses | |
| 3. Net Sale Consideration | ₹ 0 |
| 4. Less: Cost of Acquisition | |
| - STCG Purchase Consideration | ₹ 0 |
| - LTCG Purchase Consideration | ₹ 0 |
| 5. Less: Cost of Improvement | |
| 6. Short-Term Capital Gain (STCG) | ₹ 0 |
| 7. Long-Term Capital Gain (LTCG) | ₹ 0 |
| 8. Gross Capital Gain | ₹ 0 |
| 9. Less: Exemptions u/s 54 series | ₹ 0 |
| 10. Net Capital Gain | ₹ 0 |
| Section | Exemption Condition | Time Limit | Lock-in Period | Your Investment | Exemption Amount | Action |
|---|
| 1. Sale Consideration | |
| - STCG Sale Consideration | ₹ 0 |
| - LTCG Sale Consideration | ₹ 0 |
| 2. Less: Transfer Expenses | |
| 3. Net Sale Consideration | ₹ 0 |
| 4. Less: Cost of Acquisition | |
| - STCG Purchase Consideration | ₹ 0 |
| - LTCG Purchase Consideration | ₹ 0 |
| 5. Less: Cost of Improvement | |
| 6. Short-Term Capital Gain (STCG) | ₹ 0 |
| 7. Long-Term Capital Gain (LTCG) | ₹ 0 |
| 8. Gross Capital Gain | ₹ 0 |
| 9. Less: Exemptions u/s 54 series | ₹ 0 |
| 10. Net Capital Gain | ₹ 0 |
| Section | Exemption Condition | Time Limit | Lock-in Period | Your Investment | Exemption Amount | Action |
|---|
| 1. Sale Consideration | |
| - STCG Sale Consideration | ₹ 0 |
| - LTCG Sale Consideration | ₹ 0 |
| 2. Less: Transfer Expenses | |
| 3. Net Sale Consideration | ₹ 0 |
| 4. Less: Cost of Acquisition | |
| - STCG Purchase Consideration | ₹ 0 |
| - LTCG Purchase Consideration | ₹ 0 |
| 5. Less: Cost of Improvement | |
| 6. Short-Term Capital Gain (STCG) | ₹ 0 |
| 7. Long-Term Capital Gain (LTCG) | ₹ 0 |
| 8. Gross Capital Gain | ₹ 0 |
| 9. Less: Exemptions u/s 54 series | ₹ 0 |
| 10. Net Capital Gain | ₹ 0 |
| Section | Exemption Condition | Time Limit | Lock-in Period | Your Investment | Exemption Amount | Action |
|---|
| 1. Sale Consideration | |
| - STCG Sale Consideration | ₹ 0 |
| - LTCG Sale Consideration | ₹ 0 |
| 2. Less: Transfer Expenses | |
| 3. Net Sale Consideration | ₹ 0 |
| 4. Less: Cost of Acquisition | |
| - STCG Purchase Consideration | ₹ 0 |
| - LTCG Purchase Consideration | ₹ 0 |
| 5. Less: Cost of Improvement | |
| 6. Short-Term Capital Gain (STCG) | ₹ 0 |
| 7. Long-Term Capital Gain (LTCG) | ₹ 0 |
| 8. Gross Capital Gain | ₹ 0 |
| 9. Less: Exemptions u/s 54 series | ₹ 0 |
| 10. Net Capital Gain | ₹ 0 |
| Section | Exemption Condition | Time Limit | Lock-in Period | Your Investment | Exemption Amount | Action |
|---|
| i. Gross Turnover or Gross Receipts (iA + iB) ₹ 0 | |
| A. Online Turnover/Sales * i | |
| B. Cash Turnover/Sales * i | |
| Calculate income as per presumptive scheme? i |
| ii. Presumptive Income (Profit) under Section 44AD (iiA + iiB) ₹ 0 | |
| A. 6% of Online Turnover i | |
| B. 8% of Cash Turnover i | |
| iii. Other Than Presumptive Scheme - Books of Account Maintained ₹ 0 | |
| A. Profit as per Books * i | |
| i. Gross Turnover or Gross Receipts (iA + iB) ₹ 0 | |
| A. Online Turnover/Receipts * i | |
| B. Cash Turnover/Receipts * i | |
| Calculate income as per presumptive scheme? i |
| ii. Presumptive Income (Profit) under Section 44ADA ₹ 0 | |
| A. 50% of Gross Turnover or Gross Receipts i | |
| iii. Other Than Presumptive Scheme - Books of Account Maintained ₹ 0 | |
| A. Profit as per Books * i | |
| Presumptive Limit | - |
| % of Cash of Total | - |
| Tax Audit Limit i | - |
The following categories are eligible for the presumptive taxation scheme under Section 44ADA:
| 1. Gross income chargeable to tax at normal applicable rates | ||
| a) Dividend Income i | 1a | |
| b) Interest - Gross i 1b: ₹ 0 | ||
| i) From Savings Bank | 1bi | |
| ii) From Deposit (Bank / Post Office / Co-operative Society) | 1bii | |
| iii) From Income Tax Refund | 1biii | |
| iv) Others | 1biv | |
| c) Rental income from machinery, plants, buildings, etc. (Gross) i | 1c | |
| d) Income u/s 56(2)(x) - Gifts & property received i 1d: ₹ 0 | ||
| i) Aggregate value of sum of money received without consideration i | 1di | |
| ii) Immovable property received without consideration (Stamp Duty Value) i | 1dii | |
| iii) Immovable property for inadequate consideration (SDV in excess) i | 1diii | |
| iv) Other property received without consideration (FMV) i | 1div | |
| v) Other property for inadequate consideration (FMV in excess) i | 1dv | |
| e) Any other income ₹ 0 | ||
| 1e(i) | ||
| Total income at normal rates (1a + 1b + 1c + 1d + 1e) | 1 | ₹ 0 |
| 2. Income chargeable at special rates | ||
| a(i) Winnings from lotteries, crossword puzzles, races, card games etc. u/s 115BB i | 2ai | |
| a(ii) Income by way of winnings from online games u/s 115BBJ i | 2aii | |
| Total income at special rates (2ai + 2aii) | 2 | ₹ 0 |
| 1. Gross Income at Normal Rates | ₹ 0 |
| 2. Income at Special Rates (30%) | ₹ 0 |
| Total Income From Other Sources | ₹ 0 |
| Self / Spouse / Children | |
| Premium for Self/Spouse/Children i | |
| Is Self/Spouse a Senior Citizen (60+)? | |
| Preventive Health Check-up (Self) i | |
| Medical Expenditure for Self (Senior, no insurance) i | |
| Self/Family Deduction | ₹ 0 |
| Parents | |
| Premium for Parents i | |
| Are Parents Senior Citizens (60+)? | |
| Preventive Health Check-up (Parents) i | |
| Medical Expenditure for Parents (Senior, no insurance) i | |
| Parents Deduction | ₹ 0 |
Select the fund/institution and enter donation amount. Cash donations exceeding ₹2,000 are not eligible for deduction.
| Gross Total Income (Old Regime) | ₹ 0 |
| Less: LTCG + STCG u/s 111A (Group 1) | ₹ 0 |
| Less: Chapter VI-A Deductions (except 80G) | ₹ 0 |
| Less: Special Rate Incomes (u/s 115A etc.) | ₹ 0 |
| Adjusted Gross Total Income (AGTI) | ₹ 0 |
| 10% of AGTI (Max for Cat C+D) | ₹ 0 |
| Cat A (100%, no limit): | ₹ 0 |
| Cat B (50%, no limit): | ₹ 0 |
| Cat C+D (subject to 10% AGTI): | ₹ 0 |
| Total 80G Deduction: | ₹ 0 |
Only for those who do NOT receive HRA and don't own a house in the city of work.
| Total Rent Paid during the year i |
| Gross Total Income (Old Regime) | ₹ 0 |
| Less: LTCG + STCG u/s 111A (Group 1) | ₹ 0 |
| Less: Chapter VI-A Deductions (except 80GG) | ₹ 0 |
| Less: Special Rate Incomes (u/s 115A etc.) | ₹ 0 |
| Adjusted Gross Total Income (AGTI) | ₹ 0 |
| Amount 1: ₹5,000/month (Fixed) | ₹ 60,000 |
| Amount 2: 25% of AGTI | ₹ 0 |
| Amount 3: Rent Paid - 10% of AGTI |
₹ 0 |
| 80GG Deduction (Least of above): | ₹ 0 |
Employer's contribution to National Pension System. Available under both Old and New regimes.
| Nature of Employment | Private Sector Employees |
| Salary (Basic Pay + DA) i | ₹ 0 |
| Employer NPS Contribution i |
| Maximum Limit (Old Regime) | ₹ 0 |
| Maximum Limit (New Regime) | ₹ 0 |
| Employer Contribution Entered | ₹ 0 |
| Deduction (Old Regime) | ₹ 0 |
| Deduction (New Regime) | ₹ 0 |
Amount auto fetched from Income From Other Sources Annexure
₹ 0
₹ 0
| Head of Income | Old Regime | New Regime |
|---|---|---|
| 1. Income from Salary | ₹ 0 | ₹ 0 |
| 2. Income from House Property | ₹ 0 | ₹ 0 |
| 3. Profits & Gains from Business/Profession | ₹ 0 | ₹ 0 |
| 4. Capital Gains | ₹ 0 | ₹ 0 |
| 5. Income from Other Sources | ₹ 0 | ₹ 0 |
| Gross Total Income | ₹ 0 | ₹ 0 |
| Deduction | Old Regime | New Regime |
|---|---|---|
| Total Deductions | ₹ 0 | ₹ 0 |
| Component | Old Regime | New Regime |
|---|---|---|
| A. Normal Income (taxed at slab rates) | ||
| Gross Total Income | ₹ 0 | ₹ 0 |
| Less: Special Rate Income | ₹ 0 | ₹ 0 |
| Less: Deductions u/s Chapter VI-A | ₹ 0 | ₹ 0 |
| Normal Taxable Income | ₹ 0 | ₹ 0 |
| B. Special Rate Income (no deductions allowed) | ||
| STCG u/s 111A @ 20% | ₹ 0 | ₹ 0 |
| LTCG u/s 112A @ 12.5% | ₹ 0 | ₹ 0 |
| Other LTCG @ 12.5% | ₹ 0 | ₹ 0 |
| IFOS Special @ 30% | ₹ 0 | ₹ 0 |
| Total Special Rate Income | ₹ 0 | ₹ 0 |
| Total Taxable Income (A + B) | ₹ 0 | ₹ 0 |
| Slab | Income | Rate | Tax |
|---|
| Slab | Income | Rate | Tax |
|---|
| Component | Old Regime | New Regime | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tax on Normal Income | ₹ 0 | ₹ 0 | ||||||||||||
| Tax on Special Rate Income View Calculation ▸ | ₹ 0 | ₹ 0 | ||||||||||||
|
Capital Gains - Special Rate Tax
Income from Other Sources - Special Rate Tax
Total Tax on Special Rate Income
₹ 0
| ||||||||||||||
| Rebate u/s 87A i | ₹ 0 | ₹ 0 | ||||||||||||
| Marginal Relief View Calculation ▸ | ₹ 0 | ₹ 0 | ||||||||||||
|
Marginal Relief Calculation (New Regime Only)
Marginal Relief (Tax - Excess Income)
₹ 0
| ||||||||||||||
| Tax after Rebate & Relief | ₹ 0 | ₹ 0 | ||||||||||||
| Health & Education Cess (4%) | ₹ 0 | ₹ 0 | ||||||||||||
| Net Tax Payable | ₹ 0 | ₹ 0 | ||||||||||||
| Particulars | Old Regime | New Regime |
|---|---|---|
| Net Tax Payable (from Step 5) | ₹ 0 | ₹ 0 |
| TDS Amount (as per Form 26AS / AIS) | Enter your total TDS deducted amount | |
| TDS Amount | ₹ 0 | ₹ 0 |
| Tax Payable / Refund | ₹ 0 | ₹ 0 |
The better regime depends on your total deductions. If your deductions (HRA, 80C, 80D, home loan interest, LTA, etc.) exceed ₹3.75 lakh, the Old Regime usually saves more tax. If deductions are lower, the New Regime with its lower slab rates and ₹75,000 standard deduction is typically better. Use the TaxFetch Smart Income Tax Calculator to compare both regimes with your exact numbers and get a personalised recommendation.
New Tax Regime slabs for FY 2025-26: Income up to ₹4 lakh — Nil, ₹4–8 lakh — 5%, ₹8–12 lakh — 10%, ₹12–16 lakh — 15%, ₹16–20 lakh — 20%, ₹20–24 lakh — 25%, above ₹24 lakh — 30%. A rebate under Section 87A is available for income up to ₹12 lakh (making effective tax zero). Standard deduction of ₹75,000 is available for salaried individuals.
Under the New Tax Regime for FY 2025-26, individuals with total income up to ₹12 lakh get a full tax rebate under Section 87A — effectively paying zero income tax. For salaried individuals, with the ₹75,000 standard deduction, this means gross salary up to ₹12.75 lakh can result in zero tax. Under the Old Tax Regime, the 87A rebate is limited to tax on income up to ₹5 lakh.
Section 80C allows deductions up to ₹1.5 lakh per year in the Old Tax Regime for investments in PPF, ELSS mutual funds, life insurance premium, NSC, 5-year FD, home loan principal repayment, tuition fees, EPF, and NPS (employer contribution). Note: Section 80C deductions are NOT available in the New Tax Regime. At the 30% tax bracket, saving ₹1.5 lakh under 80C reduces your tax by approximately ₹46,800 (including cess).
For FY 2025-26 (AY 2026-27), the ITR filing due date for individuals (non-audit cases) is typically July 31, 2026. For taxpayers whose accounts require audit, the due date is October 31, 2026. Filing after the due date but before December 31, 2026 attracts a late filing fee of ₹5,000 (or ₹1,000 if income is below ₹5 lakh). Missing the due date also forfeits the right to carry forward most losses.
Salaried individuals (without business income) can switch between Old and New Tax Regime every financial year when filing their ITR. However, individuals with business or professional income can switch to the Old Regime only once and cannot switch back thereafter. From FY 2023-24, the New Tax Regime is the default regime — you must actively opt for the Old Regime by filing Form 10-IEA before the due date of ITR filing.