Taxpayer Profile
A. Income from Employment (Salary)
Standard deduction of ₹75,000 (New Regime) / ₹50,000 (Old Regime) auto-applied under Sec 16.
B. Income from House Property
Max ₹2,00,000 u/s 24(b)
E. Income from Other Sources
Chapter VI-A Deductions (Old Regime only)
Max: ₹1,50,000
Max: ₹50,000
Max: 14% of salary (Allowed in New Regime too)
Self/Family: ₹25,000 | Senior parents: ₹50,000
Max: ₹1,50,000 (first-time buyers)
Max: ₹10,000
₹75,000 or ₹1,25,000 (severe)
HRA Exemption Calculator — Section 10(13A)
Capital Gains Income
Taxed @ 20% (effective TY2026-27)
Taxed at slab rate
Taxed @ 12.5% on amount above ₹1.25L
Taxed @ 12.5% without indexation
Note: As per Finance (No.2) Act 2024 & Income Tax Act 2025: STCG on equity at 20%, LTCG on equity at 12.5% (exemption ₹1.25L p.a.). LTCG on other assets at 12.5% without indexation for transfers post 23 July 2024.
EKR and Associates
Chartered Accountants
1 (Old No.17), 3rd Floor, A1 Arcade, 33rd A Cross, 11th Main Rd, 4th T Block East, Jayanagar, Bengaluru, Karnataka 560041 | Tel: 9964767276