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Showing posts with the label AY 2026-27

Old vs New Tax Regime 2026 – Salary ₹12 Lakh Case Study (Full Calculation with Illustration – India)

Old vs New Tax Regime 2026 – Salary ₹12 Lakh Case Study (Full Calculation with Illustration) Old vs New Tax Regime 2026 mein confusion ab bhi bahut hai, khas kar salary ₹12 lakh wale taxpayers mein। HRA, Home Loan Interest, 80C aur 80D jaise deductions ke saath kaunsa regime better hai? Is detailed case study mein hum ₹12 lakh salary ke saath pura calculation kar ke bata rahe hain। ๐Ÿ“„ ₹399 – ITR Filing (Salaried) Old vs New Tax Regime 2026 – Quick Overview New Regime default hai aur isme slabs lower hain lekin zyadatar deductions nahi milte। Old Regime mein deductions (80C, 80D, HRA, Home Loan Interest etc.) milte hain lekin slabs thode higher hain। ₹12 Lakh Salary Case Study – Full Calculation Assumptions: Basic Salary ₹8,00,000, HRA ₹2,00,000, Medical Insurance ₹25,000, Home Loan Interest ₹2,00,000, 80C Investment ₹1,50,000 Old Regime Calculation Gross Salary: ₹12,00,000 HRA Exemption: ₹1,56,000 (approx) Standard Deduction: ₹75,000 80C Deduction: ₹1,50,000 Ho...

Senior Citizen Income Tax Calculation – FY 2025–26

Senior Citizen Income Tax Calculation – FY 2025-26 (With Full Illustration) Senior citizens ke liye income tax calculation New Tax Regime mein bahut important hai kyunki unhe Section 87A rebate aur higher basic exemption limit ka fayda milta hai। Bahut log sahi calculation na karne ki wajah se extra tax dete hain। Is complete 2026 guide mein hum senior citizen ke liye pension income, standard deduction, Section 87A rebate aur tax liability ka pura step-by-step calculation batayenge। ๐Ÿ“„ ₹399 – ITR Filing (Senior Citizen) Senior Citizen Income Tax Slabs (New Regime 2026) New Tax Regime mein senior citizens ko bhi same slabs apply hote hain jaise normal taxpayers ko, lekin Section 87A rebate unhe zero tax tak pahuncha sakta hai। Section 87A Rebate Senior citizens jinka total income ₹7 lakh se kam hai, unhe ₹25,000 tak rebate mil sakta hai (New Regime mein) jo unki tax liability ko zero kar sakta hai। Practical Calculation Example Case: Senior Citizen ko pension inco...