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Personal & Employment Details₹
FD Interest, Rental, Capital Gains, etc.
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Salary Bifurcation & Components
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Enter your annual salary components. Each component has different tax treatment under old and new regimes. You may enter CTC or in-hand components. Leave zero if not applicable.
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Core Salary Components
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Forms part of salary for HRA calculation
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Required for HRA exemption calculation
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Fully taxable under both regimes
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Exempt Allowances (Old Regime)
These allowances get partial/full exemption under the old regime as per IT Act 1961 / Income Tax Rules. Under the new regime, they are taxable (except NPS contributions).
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Actual travel cost claimed; 2 journeys in 4 years [Sec 10(5)]
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Fully taxable (Standard deduction covers this now)
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Fully taxable (merged into standard deduction)
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FY 2025-26: Exempt ₹100/child/month (max 2) = ₹2,400 | FY 2026-27: ₹3,000/child/month = ₹72,000 [Sec 10(14) / IT Rules 2026]
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FY 2025-26: Exempt ₹300/child/month (max 2) = ₹7,200 | FY 2026-27: ₹9,000/child/month = ₹2,16,000 [Sec 10(14) / IT Rules 2026]
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Exempt up to actual expenditure [Rule 2BB]
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Exempt up to actual expenditure [Sec 10(14)]
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Exempt up to actual expense [Rule 2BB(1)]
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Exempt up to ₹200/month [Sec 10(14) / Rule 2BB(2)]
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Exempt ₹3,200/month = ₹38,400/year [Sec 10(14)]
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Exempt ₹1,060–₹7,000/month based on altitude [Rule 2BB]
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Perquisites & Retirement Benefits
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Taxable if employer PF > ₹7,50,000/year [Sec 17(2)(vii)]
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Deductible u/s 80CCD(2): 14% of salary for Govt, 10% others
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Exempt up to ₹20,00,000 under Sec 10(10)
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Exempt up to ₹25,00,000 at retirement [Sec 10(10AA)]
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Deductible u/s 16(iii); max ₹2,500/year
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Deductible u/s 16(ii): Least of actual, 20% of basic, ₹5,000
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Deductions (Chapter VI-A — Old Regime Only)
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These deductions are available ONLY under the old regime. Under the new regime, only standard deduction (₹75,000), employer NPS (Sec 80CCD(2)), and a few others are allowed.
80C
Section 80C — Investments & Savings (Max ₹1,50,000)
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NPS
NPS — 80CCD(1B) & 80CCD(2)
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Additional deduction over 80C; max ₹50,000
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Allowed in BOTH regimes; Govt 14%, Others 10% of basic+DA; Budget 2024 raised to 14% for private too from FY 2024-25
80D
Section 80D — Health Insurance Premium
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Max ₹25,000 (₹50,000 if age ≥ 60)
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Max ₹5,000 within the 80D limit
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Max ₹25,000 (₹50,000 if parents are senior citizens)
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For very senior citizens (80+) with no insurance; max ₹50,000
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House Property & Home Loan
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Sec 24(b): Max ₹2,00,000 deduction for self-occupied property
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Full interest deductible (no cap); set-off loss max ₹2L [Sec 24(b)]
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Annual rental income received (30% standard deduction auto-applied)
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First-time buyer; stamp value ≤ ₹45L; loan sanctioned before 31 Mar 2022; max ₹1,50,000
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Loan sanctioned FY 2016-17; loan ≤ ₹35L; house value ≤ ₹50L; max ₹50,000
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Other Deductions
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Full interest deductible for 8 years; for self/spouse/children/dependent
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50% or 100% deductible depending on fund; subject to 10% GTI cap for non-notified funds
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Least of: rent-10% of GTI, 25% of GTI, ₹60,000/year; only if no HRA
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Max ₹10,000; not available to senior citizens (use 80TTB)
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Max ₹50,000; for senior citizens on all bank/post office deposits
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₹75,000 (disability ≥ 40%) or ₹1,25,000 (severe ≥ 80%)
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Max ₹40,000 (₹1,00,000 for senior citizens)
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₹75,000 (≥40% disability) or ₹1,25,000 (≥80% severe disability)
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Max ₹3,00,000
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Max ₹3,00,000 for resident authors
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50% of amount invested; max ₹25,000; first-time equity investor; GTI < ₹12L (discontinued from AY 2018-19 for fresh investments)
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Full deduction; only by cheque/digital; not cash
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Detailed Income & Tax Computation💼
Salary Component Tax Treatment📈
Slab-wise Tax Calculation📋
Deductions & Exemptions Comparison📅
Monthly TDS Schedule (Section 192)📖
Applicable Tax Slabs Reference