Author: sufi

To calculate tax as per new regime for FY 2025-26, first determine your taxable income after eligible deductions, then apply the seven new-regime tax slabs. Last updated: October 2026. After calculating slab-wise tax, check whether you qualify for the Section 87A rebate of up to ₹60,000, consider marginal relief where applicable, and add 4% Health and Education Cess to the tax payable. The Income Tax Department confirms that the new-regime slabs for AY 2026-27 start with nil tax up to ₹4 lakh and reach 30% above ₹24 lakh. For a salaried taxpayer, the ₹75,000 standard deduction can reduce taxable salary before the slab calculation. This means a salary figure and…

Under the new tax regime for FY 2025-26, the Section 87A rebate allows resident individuals with a total income up to ₹12 lakh to reduce their tax liability to zero. The maximum rebate available is ₹60,000. This means that for the financial year 2025-26 (Assessment Year 2026-27), if your income is from normal sources like salary, pension, or interest, you may not have to pay any income tax. This article explains everything you need to know about the 87A rebate in the new tax regime, including eligibility, the rebate amount, how it’s calculated, and how marginal relief works if your…

Can you claim NPS deduction under the new tax regime? Yes,but only for your employer’s contribution. Your own NPS contribution (whether under Section 80CCD(1) or the additional ₹50,000 under Section 80CCD(1B)) does not qualify for any tax deduction if you opt for the new tax regime. The employer’s contribution under Section 80CCD(2) remains available and, for private-sector employees, the limit has increased to 14% of your salary. This guide explains exactly how the NPS deduction works under the new tax regime for FY 2025-26 (AY 2026-27), who can claim it, how it’s calculated, and what limits apply. You May Also…

Introduction The new tax regime is an alternative income-tax system with revised slab rates and fewer deductions and exemptions than the old regime. Last updated: October 2026. For FY 2025-26 (AY 2026-27), Budget 2025 substantially changed its slabs and increased the Section 87A rebate, allowing eligible resident individuals with qualifying normal taxable income up to ₹12 lakh to have zero tax after rebate. For salaried taxpayers, the ₹75,000 standard deduction can make gross salary of up to ₹12.75 lakh effectively tax-free when the taxpayer otherwise qualifies for the full rebate. This guide explains what the regime means, its FY 2025-26…

For FY 2026-27 (AY 2027-28), the new tax regime allows some important deductions, but most popular tax-saving deductions available under the old regime are excluded. Last updated: October 2026. For salaried taxpayers, the key benefits include the ₹75,000 standard deduction and eligible employer NPS contributions under Section 80CCD(2). The Section 87A rebate of up to ₹60,000 is available for resident individuals with income up to ₹12 lakh, making income effectively tax-free up to that level. This guide explains the new tax regime deductions available for FY 2026-27, the treatment of HRA and home-loan interest, common deductions that cannot be claimed,…

If your annual CTC is ₹12 lakh, you will not receive ₹1 lakh in your bank account every month. Your actual in-hand salary the amount credited after income tax, employee PF, professional tax, and other deductions will be lower. Last updated: October 2026. An in hand salary calculator new tax regime helps you estimate this monthly take-home amount by applying the FY 2025-26 tax slabs and common payroll deductions. This article walks through exactly how to calculate your net salary, what components affect it, and what you can realistically expect to receive each month. In-Hand Salary Calculator Estimate your monthly…

An old vs new tax regime calculator helps compare estimated income tax under both regimes using income, standard deduction, eligible exemptions and permitted deductions. For FY 2025-26 (AY 2026-27), the comparison is especially relevant because the new regime has revised slabs and a higher Section 87A rebate, while the old regime continues to offer a wider range of deductions and exemptions for eligible taxpayers. An old vs new tax regime calculator excel sheet can make this comparison easier because you can change salary, deductions and other income to test different scenarios. The result should show the estimated tax under both…

The new tax regime slabs for FY 2025-26 start with nil tax up to ₹4 lakh, followed by rates of 5%, 10%, 15%, 20%, 25% and 30% across progressively higher income bands. Last updated: October 2026. Budget 2025 also increased the Section 87A rebate for eligible resident individuals, so a taxpayer with total income up to ₹12 lakh can potentially have the entire slab-based tax reduced to zero, subject to the applicable conditions. For eligible salaried taxpayers, the ₹75,000 standard deduction can reduce ₹12.75 lakh of salary to ₹12 lakh of taxable income before the rebate is considered. This guide…