Personal Information
Taxpayer details for FY 2026-27 / AY 2027-28
Basic Details REQUIRED
AAAAA9999A format
Tax Regime SELECT
ℹ️ Select your preferred regime or use Compute & Compare to see both and get a recommendation.
Old Regime
Exemptions & Deductions
New Regime
Lower slab rates
✓ New Regime: Standard deduction ₹75,000 | Rebate u/s 87A up to ₹12,00,000 income
Salary Income
Head 1 of 5 — Employment & Pension income
CTC / Salary Components SECTION 17
HRA Exemption Calculator SECTION 10(13A)
ℹ️ Only applicable under Old Regime. HRA exemption is auto-computed (least of three conditions).
Pension Income OPTIONAL
1/3rd or ₹15,000 exempt (whichever lower)
Deductible u/s 80CCD(2) — both regimes
House Property Income
Section 22–27 — Self-occupied & Let-out properties
🏠 Self-Occupied Property
₹0
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Deduction limit: ₹2,00,000 (Old Regime only)
🏢 Let-Out Property
₹0
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No upper limit for let-out property
Capital Gains
Taxed separately at special rates — not included in slab computation
⚡ Capital gains are taxed independently. LTCG on equity above ₹1,25,000 is taxed @12.5%. STCG on equity @20%. Debt/other assets follow slab or indexed rates.
📈 Equity / Equity Mutual Funds
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First ₹1,25,000 exempt
Taxed @20% (w.e.f. 23 Jul 2024)
🏗️ Property / Land
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Taxed @12.5% (no indexation w.e.f. 23 Jul 2024)
Added to total income — slab rate
💰 Debt / Gold / Other Assets
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Taxed at slab rate (post Apr 2023)
Taxed @12.5% (no indexation)
Slab rate
Capital Gains Exemptions — Sec 54, 54EC, 54F REINVESTMENT
₹0
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ℹ️ Reinvestment exemptions reduce your taxable capital gains. Enter amounts actually invested.
LTCG from sale of residential house — reinvested in new residential property
LTCG from property — invested in NHAI/REC bonds within 6 months. Max ₹50,00,000
LTCG from assets (non-residential) — full net consideration invested in new residential property
Capital Losses — Set-off & Carry Forward CURRENT YEAR
₹0
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ℹ️ STCL can be set off against STCG and LTCG. LTCL can only be set off against LTCG.
Current year short-term capital loss (can set off against STCG or LTCG)
Current year long-term capital loss (can only set off against LTCG)
Brought forward short-term capital loss from prior years (up to 8 years)
Brought forward long-term capital loss from prior years (up to 8 years)
Property LTCG — Indexation Option LEGACY / PRE JUL 2024
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⚡ For property purchased before 23 July 2024, you may opt for 20% with indexation instead of 12.5% without. Choose the option that results in lower tax.
Business / Professional Income
Section 28–44 — PGBP income heads
Business Income PGBP
44AD/44AE — declare 6%/8% of turnover
44ADA — declare 50% of gross receipts
Windfall / Special Income SPECIAL RATE
⚡ Special rate income is taxed @30%. No slab benefit, no rebate u/s 87A applies on this tax.
Agricultural Income INTEGRATION
Agricultural income exempt from tax; used for rate integration
Other Sources
Section 56 — Interest, dividends, and miscellaneous income
Interest & Investment Income SECTION 56
Eligible for 80TTA/80TTB deduction
From non-relatives; taxable above ₹50,000
Deductions
Chapter VI-A — Applicable under Old Regime (some under New Regime)
80C — Life, EPF, PPF, ELSS, etc. MAX ₹1,50,000
₹0
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80CCD(1B) — NPS Additional MAX ₹50,000
₹0
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Over and above 80C — max ₹50,000
80D — Medical Insurance AGE-BASED LIMITS
₹0
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ℹ️ Self/Spouse/Children: ₹25,000 (₹50,000 if senior). Parents: ₹25,000 (₹50,000 if senior).
Other Deductions — 80E, 80G, 80TTA/TTB, etc.
₹0
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No limit — actual interest paid
Max ₹50,000 — loan sanctioned 2016-17
Max ₹1,50,000 — stamp duty ≤ ₹45L
Subject to qualifying limit
Max ₹10,000 (not for senior citizens)
Max ₹50,000 (senior citizens only)
Tax Credits & Payments
TDS deducted, advance tax paid, and self-assessment tax
Tax Already Paid / Deducted CREDITS
Interest under Section 234 OPTIONAL
ℹ️ These are auto-estimated. You can override with actual figures.
1% per month on tax due — for late return filing
1% per month if advance tax < 90% of liability
1% per month on each installment shortfall
Tax Computation Summary
FY 2026-27 | AY 2027-28
ℹ️ Click "🧮 Calculate Tax" to compute your tax liability.