NAMACA PROFESSIONAL TAX SUITE

India Income Tax Calculator

Assessment Year 2026–27 · Financial Year 2025–26 · Compare Old vs New Tax Regime instantly with advanced deduction support, capital gains treatment, exemption handling, rebate calculation and detailed slab analysis.

OLD ONLY Applicable only under old regime

BOTH Applicable under both regimes

Personal details ▼

Taxpayer category

City type (for HRA)

Salary income ▼

Basic salary & allowances

Basic salary (annual)

HRA received (annual) old only

Special allowance

LTA received old only

Other allowances

HRA & LTA exemption inputs old only

Rent paid (annual)

LTA bills claimed

Actual travel bills (max = LTA received)

HRA exemption = least of: (a) HRA received, (b) rent paid − 10% of basic, (c) 50% / 40% of basic for metro / non-metro.

Professional tax old only

Professional tax paid (annual) old only

Deductible u/s 16(iii) — max ₹2,500/year. Allowed under old regime only.

Capped at ₹2,500 — statutory ceiling u/s 16(iii)

Other income ▼

Interest income (FD / savings)

Rental income (let-out property)

Enter net amount after 30% standard deduction & home loan interest. If result is negative (loss), enter the negative value — it will automatically be added to your home loan interest deduction u/s 24(b).

STCG – Short term capital gains u/s 111A

@20% (equity / equity MF)

LTCG – Long term capital gains u/s 112A

@12.5% · ₹1.25L exempt (listed equity / MF)

STCG – Debt / foreign assets (other than u/s 111A)

Taxed at normal slab rate (e.g. debt MF, foreign equity held <24m)

LTCG – Unlisted / other assets (other than u/s 112A)

@12.5% u/s 112 · no ₹1.25L exemption (unlisted shares, foreign assets etc.)

Other income

Exemptions — old regime only old only ▼

Enter actual amount received. Statutory cap is enforced automatically — excess is ignored and flagged in red.

Children education allowance u/s 10(14)

₹100/month × 2 children → max ₹2,400/year

Capped at ₹2,400 (₹100/month × 2 children × 12)

Hostel expenditure allowance u/s 10(14)

₹300/month × 2 children → max ₹7,200/year

Capped at ₹7,200 (₹300/month × 2 children × 12)

Transport allowance (disabled) u/s 10(14)

₹3,200/month → max ₹38,400/year

Capped at ₹38,400 (₹3,200/month × 12)

Helper / uniform / research allowance u/s 10(14)

Actual amount spent for official purpose — no fixed ceiling

Academic / professional pursuit allowance u/s 10(14)

Actual amount spent — no fixed ceiling

Any other exempt allowance u/s 10(14)

Enter only the exempt portion as per notification

Exemptions — both regimes both ▼

Available under both old and new regimes. Statutory caps enforced automatically.

Retirement & separation benefits u/s 10

Gratuity received u/s 10(10)

Govt: fully exempt. Private: min of (15/26 × last salary × years, ₹20L, actual)

Capped at ₹20,00,000 — statutory ceiling for private sector

Leave encashment at retirement u/s 10(10AA)

Govt: fully exempt. Private: min of 4 conditions, max ₹25L

Capped at ₹25,00,000 — statutory ceiling for private sector

VRS compensation u/s 10(10C)

Max ₹5,00,000 (once in lifetime)

Capped at ₹5,00,000 — statutory ceiling u/s 10(10C)

Retrenchment compensation u/s 10(10B)

Min of: actual, 15 days avg pay × years, ₹5L

Capped at ₹5,00,000 — statutory ceiling u/s 10(10B)

Commuted pension u/s 10(10A)

Govt: fully exempt. Private: 1/3 if gratuity received, else 1/2 — no fixed ceiling

PF on retirement / death u/s 10(11/12)

Govt PF & recognised PF on retirement/death — fully exempt

Other exemptions — both regimes

Any other exempt income u/s 10

e.g. scholarships u/s 10(16), awards u/s 10(17A)

Deductions — Chapter VI-A ▼

Old regime only old only

80C – PF / PPF / ELSS / LIC etc.

max ₹1,50,000

Capped at ₹1,50,000 — statutory ceiling u/s 80C

80CCD(1B) – NPS self (additional)

max ₹50,000

Capped at ₹50,000 — statutory ceiling u/s 80CCD(1B)

80D – Health insurance (self + family)

max ₹25,000 (₹50,000 if self is senior citizen)

Max ₹25,000 (₹50,000 if senior citizen)

80D – Parents health insurance

max ₹25,000 (₹50,000 if parents are senior citizens)

Max ₹25,000 (₹50,000 if parents are senior citizens)

24(b) – Home loan interest

max ₹2,00,000 (self-occupied property). Auto-filled if rental income loss is entered above.

Capped at ₹2,00,000 — u/s 24(b) self-occupied

80E – Education loan interest

No upper limit — full interest for 8 years

80TTA – Savings bank interest below 60 only

Max ₹10,000 or interest income, whichever is lower.

Capped at ₹10,000 — statutory ceiling u/s 80TTA

80G – Donations

Enter deductible amount (after applying 50% / 100% as applicable)

Other deductions (80DD / 80U / 80GG etc.)

80DD: ₹75,000 (₹1,25,000 severe) · 80U: ₹75,000 (₹1,25,000 severe)

Both regimes both

NPS employer contribution – 80CCD(2)

Enter actual employer contribution. Auto-capped: 10% of basic (old) / 14% of basic (new)

Agniveer corpus fund – 80CCH

Fully exempt — both regimes

Computation summary

Total income—

Gross salary—

Other regular income (interest / rent / other)—

Special rate income (STCG / LTCG)—

Old regime — deductions & exemptions

Standard deduction₹50,000

HRA exemption—

LTA exemption—

Professional tax u/s 16(iii)—

Old-regime exemptions u/s 10—

Chapter VI-A deductions—

NPS employer — allowed @10% of basic—

New regime — deductions & exemptions

Standard deduction₹75,000

NPS employer — allowed @14% of basic—

Both regimes — exemptions

Retirement & separation exemptions—

80CCH – Agniveer corpus—

Special rate income (taxed separately)

STCG u/s 111A @20%—

LTCG u/s 112A @12.5% (₹1.25L exempt)—

LTCG other than 112A @12.5% (no exemption)—

Included in slab income

STCG debt/foreign — at slab rate—

Savings —

New regime

—

Total taxable income—

Slab rate income—

Special rate income—

Slab tax—

STCG @20% (111A)—

LTCG @12.5% (112A)—

LTCG other @12.5%—

Surcharge—

Cess @4%—

Old regime

—

Total taxable income—

Slab rate income—

Special rate income—

Slab tax—

STCG @20% (111A)—

LTCG @12.5% (112A)—

LTCG other @12.5%—

Surcharge—

Cess @4%—

Slab	Rate	Taxable amt	Tax

For reference only. Consult a CA for filing advice. Built with ♡ for Indian taxpayers.

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