Tools · FY 2025-26 · AY 2026-27

New or old regime — computed side by side.

Enter your income and what you claim against it. Every figure below is computed on our server from one statutory rate schedule — the same one our consultants file from — and each line names the provision it comes from, down to the proviso.

Gross salary incomeBefore any deduction

Other incomeInterest, rental and similar

Your agePart III paragraph A raises the nil band at sixty and again at eighty

Residential statuss.87A and the raised nil bands are for a resident individual alone

Section 80CPF, ELSS, LIC, principal — capped at ₹1,50,000 by s.80CCE

Section 80D — your own familyPremiums for you, your spouse and dependent children — s.80D(2)(a)

Section 80D — your parentsA separate limb with its own ceiling — s.80D(2)(b), not displaced by the above

Is a parent you insured sixty or more?s.80D(4) then reads ₹50,000 for that limb — it turns on the parent's age, not yours

NPS — s.80CCD(1B)Capped at ₹50,000

Home loan interest — which proviso to s.24 governs

The ₹2,00,000 ceiling is not a general one. Both provisos to s.24 reach a self-occupied property alone, and the ₹2,00,000 limb needs the capital to have been borrowed for acquisition or construction, on or after 1 April 1999, and the work completed within five years. Fail any of those and the ceiling is ₹30,000. A let-out property is not capped by either — s.71(3A) governs it instead.

Home loan interest — s.24(b)Interest paid for the year, before any cap

How the property is occupiedThe provisos cap a s.23(2) property; s.23(4)/(5) deems an unused one let out

The borrowingStated as one thing because the second proviso applies it as one thing

House rent allowance — computed for you

Rule 2A is a least-of-three test on a definition of “salary” that is neither gross pay nor cost to company. Give the three facts and the exemption is worked out here, with all three limbs shown.

Rent you actually pay, for the yearNil rent means no exemption at all — proviso to s.10(13A)

House rent allowance receivedThe allowance in your salary, for the year

Basic salary, plus DA in retirement benefits“Salary” as r.2A Explanation (h) defines it

Where the accommodation isRule 2A gives half of salary in four cities, two-fifths elsewhere

Cross-check any figure against the Income-tax Department's own tools: the official tax calculator, the TDS calculator and the TCS calculator — the full set is at incometaxindia.gov.in. Ours shows the working and the provision behind every line; theirs is the department's own word.

Indicative computation for assessment year 2026-27. The standard deduction under s.16(ia) — ₹75,000 in the new regime, ₹50,000 in the old — is applied to salary automatically, total income is rounded under s.288A and tax under s.288B. s.87A rebate and its marginal relief, surcharge and the marginal relief at each surcharge threshold, and the 4% Health and Education Cess are all computed. Not tax advice — confirm with a consultant.

Your tax, both regimes

New regimes.115BAC(1A)—

Old regimeFinance Act 2025, First Schedule—

Taxable income (new / old)s.288A —

Enter figures to compare.

The working, line by line

File with a CA review