Income tax computation

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Income Tax Computation & Regime Comparison — AY 2026-27
Computation Sheet · Individual Assessee

Income Tax Computation & Regime Comparison

Enter income under each head once — the sheet computes total income, tax liability, surcharge, cess and net payable/refundable side-by-side under the Old and New Tax Regime.
Assessment Year 2026-27
Financial Year 2025-26
Per Finance Act, 2025
A Assessee Details Determines slab & exemption limit under the Old Regime
Note: Under the New Regime, slabs are identical for all ages.
Senior/super-senior slab benefit applies to residents only.
1 Salaries Section 15–17
Allowed only under the Old Regime.
Deductible only under the Old Regime.
Standard deduction u/s 16(ia) is applied automatically — ₹50,000 (Old Regime) / ₹75,000 (New Regime), capped to gross salary.
2 Income from House Property Section 22–27