theTaxSearch - Tax Compliance & Calculators

Basic Details

Financial Year

Age Group

Income Sources Gross Values

Income from Salary

Gross Salary before any deductions. Standard Deduction (50k/75k) will be applied automatically.

₹

Interest Income

Interest from Savings Bank, FD, etc. 80TTA/TTB deduction applied automatically in Old Regime.

₹

Other Income

Freelance, Dividend, Capital Gains (Short Term), etc.

₹

Rental Income / Home Loan Interest

Enter Net Rental Income. For Self-Occupied Home Loan Interest, enter negative value (e.g. -200000).

₹

*Enter negative value for Interest on Home Loan (Self Occupied). Max -2L deduction in Old Regime.

Section 80C

LIC, PPF, EPF, ELSS, Principal Repayment of Home Loan. Max 1.5 Lakhs.

₹

Section 80D (Medical)

Health Insurance Premium for Self and Parents.

₹

HRA Exemption

Enter the calculated HRA Exemption amount (Min of: Actual HRA, Rent-10% Basic, 50% Basic).

₹

Other Deductions

Section 80E (Education Loan Interest), 80G (Donations), etc.

₹

Recommendation

New Regime

You will save ₹1,63,800 by opting for the New Regime.

New Regime

FY 2025-26 Rules

₹0

Total Tax Payable

Gross Income₹12,10,000

Standard Deduction₹75,000

Net Taxable Income₹11,35,000

Zero Tax (Rebate 87A Applied)

Old Regime

0-60 Slabs

₹1,63,800

Total Tax Payable

Gross Income₹12,10,000

Total Deductions₹60,000

Net Taxable Income₹11,50,000

Logic Explained:

Standard Deduction: ₹75,000 for New Regime (Both FYs) vs ₹50,000 for Old Regime.
Rebate 87A: New Regime tax is zero for income up to ₹7L (FY 24-25) and ₹12L (FY 25-26). Marginal Relief is applied if income slightly exceeds these limits.
House Property Loss: Cannot be set off against Salary in New Regime.