Complete calculator with automatic PF/VPF, HRA, 80C optimizer & smart recommendations
New Terminology: "Assessment Year" is now called "Tax Year"
• Tax Year 2026-27 = Income earned from April 1, 2026 to March 31, 2027
• Income Tax Act 1961 has been replaced by Income Tax Act 2025 (effective April 1, 2026)
• Standard Deduction increased from ₹50,000 → ₹75,000
• New tax regime (Section 202) is now the DEFAULT option
Payable only after 5 years of continuous service. Not part of monthly in-hand salary.
Choose Old Regime
You save ₹50,000 in taxes
Get a clean PDF with: Old vs New regime comparison • Your exact tax liability • Missed deductions checklist • Filing-time reminders
No spam. No ads. Unsubscribe anytime.
🔒 Privacy-first. Your email is never shared or sold. By emailing the report, you agree to receive this one-time email.
Upload your Form 16 PDF and we'll auto-fill all the details for you!
⚠️ Caution: Works best on digitally generated Form 16 PDFs. Always verify values.
| Income Range | Tax Rate |
|---|---|
| Up to ₹2.5L | Nil |
| ₹2.5L - ₹5L | 5% |
| ₹5L - ₹10L | 20% |
| Above ₹10L | 30% |
| Income Range | Tax Rate |
|---|---|
| Up to ₹3L | Nil |
| ₹3L - ₹7L | 5% |
| ₹7L - ₹10L | 10% |
| ₹10L - ₹12L | 15% |
| ₹12L - ₹15L | 20% |
| Above ₹15L | 30% |
Choose Old Regime (Section 115BAC) if you have significant deductions (Section 123/80C, HRA, home loan interest). Choose New Regime (Section 202) - now the DEFAULT option - if you have minimal deductions and want simplicity with lower tax rates and ₹75,000 standard deduction.
VPF contribution itself is tax-deductible under Section 123 (was 80C). However, if your total PF (Employee + Employer + VPF) exceeds ₹5 lakh per year, the interest earned on the excess amount becomes taxable.
HRA exemption = Minimum of: (1) Actual HRA received, (2) Rent paid - 10% of Basic, (3) 50% of Basic (metro) or 40% (non-metro).
Yes, completely safe. Your Form 16 is processed locally in your browser using JavaScript. No data is sent to any server or stored anywhere. It's 100% client-side processing.
The Section 123 (formerly 80C under IT Act 1961) deduction limit is ₹1.5 lakh per year. This includes EPF, VPF, PPF, ELSS, life insurance premiums, home loan principal, and other eligible investments.
Yes, salaried individuals can switch between Old and New regime every year while filing their Income Tax Return (ITR). However, if you have business income, you can switch only once.