Vanga & Associates · Income-tax Calculator

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1Basic Details

Regime Age Resident

2Salaries

Gross salary Exempt allowances (HRA/LTA) · old only Professional tax · old only Employer NPS contribution

Standard deduction of ₹75,000 (new) / ₹50,000 (old) is applied automatically.

3House Property

Self-occupied? Annual value (rent − municipal tax) Home-loan interest

Under new regime, HP loss cannot be set off against other heads (s. 202(2)(b)(ii)). Self-occupied interest capped at ₹2 L.

4Business / Profession

PGBP income

5Capital Gains

STCG on listed eq / eq MF (STT) @ 20% · s. 196 Other STCG (slab rate) LTCG on listed eq / eq MF with STT · s. 198 (₹1.25 L free) Other LTCG @ 12.5% · s. 197 LTCG on land/bldg acquired pre-23-Jul-2024 → same gain with indexation (for 20% option) VDA / crypto gains @ 30%

6Other Sources

Interest (FD etc.) Dividend Family pension (gross) Lottery / online gaming Other income

7Chapter VIII DeductionsOld regime only (except SB int.)

80C (PPF / ELSS / LIC / PF) · cap ₹1.5 L 80CCD(1B) extra NPS · cap ₹50 k 80D health insurance 80E education-loan interest 80EEA affordable-housing interest 80G donations 80TTA / 80TTB SB interest · both regimes 80U self-disability Other VI-A deductions

8Agricultural Income & Prepaid Taxes

Agricultural income (partial integration) TDS Advance tax Self-assessment tax