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Slab rates, rebate and surcharge are the same for both years.

Income for the year (₹)

Interest, rent (after 30% deduction), business or professional income. Capital gains taxed at special rates are not included.

Old regime deductions (₹)

Work it out in the HRA exemption tab.

Allowed in both regimes (₹)

Limits applied automatically: PF/PPF etc. ₹1.5 lakh, own NPS ₹50,000, home loan interest ₹2 lakh, savings interest ₹10,000 (₹50,000 on deposits for seniors).

Old regime vs new regime

Tax on taxable income is rounded to the nearest ₹10 as required. Rebate is available to resident individuals only. Marginal relief is applied at ₹12 lakh (new regime rebate) and at each surcharge threshold. Estimate only; it does not cover capital gains, agricultural income or other special cases.

HRA details

How the exemption is worked out

The exempt HRA is the lowest of these three amounts:

HRA exemption is available only under the old tax regime. If annual rent is more than ₹1 lakh, the landlord's PAN must be given to the employer. From FY 2026-27 the declaration to the employer is made in Form 124 (earlier Form 12BB), which also asks for your relationship with the landlord.

Late fee

Interest on tax paid late

Interest is on the net tax paid from the cash ledger, not the part set off with input tax credit.

Break-up

Late fee is paid in cash only, half under CGST and half under SGST, and cannot be paid using input tax credit. Interest is worked out day by day at the annual rate. Caps as per Notification 19/2021 (GSTR-3B/GSTR-1) and Notification 07/2023 (GSTR-9, from FY 2022-23). Estimate only; the portal's figure prevails.