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Computation of Income for Old Regime F.Y.
 2025-26 A.Y.2026-27 4/1/20253/31/2026
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Name
SHARAT CHANDER SANGHI
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PAN
PPO NO.160170-S/HR
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Age (Years)72Date of Birth1/1/1954
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Gross Income from Salaries and Allowances
 1,345,577.00 1,345,577.00
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Less: Exemptions
 -50,000.00
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(i) H.R.A Exemption (Least of the following three)
 -
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 Resident ofNon-Metro
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a. Basic Salary (Basic+DA)
 -
10
 b. Rent Paid -
11
c. H.R.A received
12
(ii) Standard Deduction for Salaried & Pensioners (`50,000)
50,000.00
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(iii) Any Other Exempted Allowances
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(iv) Professional Tax
 - -
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Income From Salaries
1,295,577.00
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Add: Rent Free Accommodation to Central & State Govt. Employees - - -
17
Add: Income from Other Sources
 - -
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1. Interest income from the following sources:
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a. Bank(Savings A/C / F.D/ Recurring)
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b. N.S.C( Accrued/Received)
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c. Post Office MIS(POMIS)
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2. Any Other Income
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Income from House Properties
 -
24
a.Interest paid on House Building Loan (U/S 24)
 -
25
b.Additional Tax benefits for first time home buyers
 -
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c.Rent received from let out properties after Municipal Taxes
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Gross Total Income (G.T.I)
 1,295,577.00
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Less: Deduction U/S 80C(Max eligible amount `150000/-)
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a. EPF & GPF Contribution
 - -
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b. Public Provident Fund (PPF)
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c. N.S.C (Investment + accrued Interest before Maturity Year)
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d. Tax Saving Fixed Deposit (5 Years and above)
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e. E.L.S.S (Tax Saving Mutual Fund)
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f. Life Insurance Premiums paid
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g. New Pension Scheme (NPS) (u/s 80CCC)
 -
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h. Pension Plan from Insurance Co./Mutual Funds (u/s 80CCC)
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i. Principal Repayment on House Building Loan
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j. Sukanya Samriddhi Yojana/Group Insurance Scheme
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k. Stamp Duty & Registration Fees on House Buying
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l. Tuition fees for children(max 2 children)
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Less: Additional deduction for NPS U/S 80CCD(1B)(Max `50000)
 -
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Less: Deduction under chapter VI A
 -
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a. 80 D Medical Insurance premium (for Self )
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b. 80 D Medical Insurance premium (for Parents)
 - -
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c. 80 E Interest Paid on Education Loan
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d. 80 DD Medical Treatment for dependent handicapped
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e. 80DDB Expenditure on approved Medical Treatment for self/ dependent
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f. 80G, 80GGA, 80GGC Donation to approved funds
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g. 80GG Rent paid in case of no HRA received
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h. 80U For Physically Disabled person
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i. 80TTA/80TTB (Rs 50,000 for Senior Citizens & Rs 10,000 for others)
- -
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Less: Employer Contribution to NPS U/S 80CCD(2)
 - - -
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Net Taxable Income after all deductions
 1,295,580.00
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Tax on Taxable Income after all deductions
198674.00
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Tax Rebate of upto Rs.12,500 (For Income less than 5 Lakh)
 198,674.00 -
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Tax Liability 198,674.00
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Add :Surcharge, if any
0
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Add: Health & Education Cess
 7,947.00
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Net Tax Payable
 206,621.00
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Advance Tax Paid (Tax Deducted at Source)
61
Balance Tax to be Paid
 206,621.00
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Income Tax Calculator for F.Y 2025-26 (A.Y 2026-27) (New Regime)
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Gross Income from Salaries and Allowances
 1,345,577.00
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Add: Rent Free Accommodation to Central & State Govt. Employees -
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Less: Deduction for Employer Contribution to NPS U/S 80CCD(2) (if included in gross salary)
 -
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Less: Standard Deduction
 75,000.00
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Net Taxable Income after all deductions
 1,270,580.00
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Tax at Normal Rates
 70,587.00
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Less: Tax Rebate u/s 87A (including Marginal Relief)
 7.00
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Net Tax after Rebate
 70,580.00
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Add: Surcharge
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Add: Health & Education Cess
 2,820.00
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Total Tax on Income
 73,400.00
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Advance Tax Paid (Tax Deducted at Source)
76
Balance Tax to be Paid
 73,400.00
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Difference of Income Tax between Old and New Regime
 133,221.00
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Option for Old versus New Regime (which is better):Option
New Regime
New Regime
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Marginal Relief In The New Tax Regime in FY 25-26
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Taxable income (after Standard Deduction)Income Tax as per slabs (Total Tax Liability)Taxable Income (minus) 12 Lakh (Increased Income)Rebate u/s 87AActual LiabilityMarginal relief u/s 87A
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 1,200,000 60,000.00 - 60,000.00 -
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 1,210,000 61,500.00 10,000.00 10,000.00 51,500.00 0
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 1,220,000 63,000.00 20,000.00 20,000.00 43,000.00 1250012500
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 1,230,000 64,500.00 30,000.00 30,000.00 34,500.00 2500037500
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 1,240,000 66,000.00 40,000.00 40,000.00 26,000.00 3750075000
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 1,250,000 67,500.00 50,000.00 50,000.00 17,500.00 62500#REF!
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 1,260,000 69,000.00 60,000.00 60,000.00 9,000.00
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 1,270,000 70,500.00 70,000.00 70,000.00 500.00
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 1,270,100 70,515.00 70,100.00 70,100.00 415.00
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 1,270,200 70,530.00 70,200.00 70,200.00 330.00
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 1,270,300 70,545.00 70,300.00 70,300.00 245.00
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 1,270,400 70,560.00 70,400.00 70,400.00 160.00
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 1,270,500 70,575.00 70,500.00 70,500.00 75.00
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 1,270,550 70,582.50 70,550.00 70,550.00 32.50
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 1,270,560 70,584.00 70,560.00 70,560.00 24.00
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 1,270,570 70,585.50 70,570.00 70,570.00 15.50
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 1,270,580 70,587.00 70,580.00 70,580.00 7.00
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 1,270,590 70,588.50 70,590.00 70,590.00 (1.50)
No Marginal Adjustment As The Income Is >Greater Than Tax On Income
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100