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Professional Edition
Begin by entering your age and residential status. These factors affect deductions and tax slabs.
Quick Tip: Age and residential status affect basic exemption limits, deduction eligibility, and certain income classifications. Make sure these are accurate before entering your income details.
Enter your gross salary, allowances, and perquisites. Standard deduction (₹75,000) applies in both regimes.
Exempt only in Old Regime
Transport, special, etc.
Company car, rent-free accommodation, etc.
Partial exemption applies (max ₹3 lakh on retirement)
HRA exemption is removed in New Regime. Only available in Old Regime.
Enter rental income, property tax paid, and home loan interest. Standard deduction of 30% on NAV applies automatically.
Annual rental income from let-out property
Municipal taxes paid during the year
Interest paid on home loan for let-out property (no cap)
Auto-Applied: Standard deduction of 30% on Net Annual Value (NAV) is applied automatically. For self-occupied property, you can claim home loan interest under 80EEA/80EE in the Deductions tab.
Enter income from business, profession, other sources like bank interest, dividends, or foreign assets.
After deducting allowable expenses
Derivative trading, futures, options
Gifts, winnings, etc.
Enter gains from sale of assets. Different tax rates apply: STCG 111A (20%), LTCG 112A (12.5% with ₹1.25L exemption), and LTCG 112 (12.5%).
Listed equity/mutual funds held ≤12 months → 20% tax
Real estate, unlisted shares, other assets → slab rates
Listed equity/mutual funds held >12 months. Exemption: ₹1.25L
Land, building, unlisted shares, debt mutual funds → 12.5%
Important: Capital gains tax rates changed in Budget 2024. STCG 111A is now 20% (up from 15%), and LTCG 112A is 12.5% (up from 10%) with increased exemption limit of ₹1.25 lakh (from ₹1 lakh).
Old Regime allows multiple deductions. New Regime has limited options (80CCD(2), 80JJAA).
Up to 14% of Basic+DA (private) or 10% (govt). Available in both regimes.
Max ₹1.5L. PPF, ELSS, LIC, EPF, etc.
Max ₹50k additional NPS
Self/family ₹25k, parents ₹25k (₹50k if senior)
₹75k normal, ₹1.25L severe
₹40k (₹1L senior) for specified diseases
No limit, interest only
₹50k (80EE) or ₹1.5L (80EEA) self-occupied
50%-100% depending on institution
Savings interest ₹10k (TTA) or ₹50k senior (TTB)
₹75k normal, ₹1.25L severe
Enter all tax deducted at source and advance tax payments made during FY 2025-26 to calculate net payable/refund.
TDS on rent, commission, professional fees, etc.
Advance Tax Due Dates: 15% by Jun 15, 45% by Sep 15, 75% by Dec 15, 100% by Mar 15. If total tax > ₹10,000 and TDS < 100%, advance tax is mandatory.
New vs Old Regime
Fill in your income and deductions above
Avoid late filing penalties, additional interest on unpaid taxes, and the loss of valuable tax benefits. File your Income Tax Return before the due date.
