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Income Tax Multi-Year Dual-Act Calculator

Side-by-side Old vs. New Regime optimization across AY 2027-28 (Income-tax Act 2025 Section 202(1)) and previous assessment years with full marginal relief calculations.

SEC 202(1) & 115BAC•Marginal Relief Ready
All Calculators
Institutional Profiles:

Statute & Assessment Year

Gross Income Sources₹15,45,000

Salaries / Pension (Gross)Before Standard Deduction
Profits & Gains of Business / ProfessionNet Profit
Income from House Property (Net Rent)After 30% NAV deduction
Interest Income (FD, Savings, Bonds)
Other Sources (Dividends, etc.)

Chapter VIII Deductions (Alternate Regime)

These statutory deductions apply under the Alternate Regime. New Concessional Regime offers a higher standard deduction without requiring investment lock-ins.

Section 123 (EPF / PPF / ELSS / Life Ins.)Max ₹1.50L
Section 124 (Health Insurance Premium)Max ₹50k
Section 125(2) (NPS Tier-1 Voluntary)Max ₹50k
Section 11(2) (House Rent Exemption)Rule 2A
Section 24(b) (Home Loan Self-Occupied Interest)Max ₹2.0L
Section 132 (Savings Interest Exemption)Max ₹10k
Section 133 (Charitable Donations)Form 10BE
Other Deductions (Education Loan Sec 80E, etc.)
Statutory Optimization Recommendation

Default Regime (Section 202(1))

Section 202(1) slab expansion and Section 156(2) full rebate up to ₹12L yields lower tax without requiring investment lock-ins.

Net Tax Savings

₹56,160

vs alternative regime

Default Tax Regime

Statutory Default

Income-tax Act, 2025 — Section 202(1)

Gross Total Income₹15,45,000
Standard Deduction (Sec 19(1))- ₹75,000
Taxable Net Income₹14,70,000

Applicable Slabs Breakdown

Up to ₹4,00,000 (0%)₹0
₹4,00,001 - ₹8,00,000 (5%)₹20,000
₹8,00,001 - ₹12,00,000 (10%)₹40,000
₹12,00,001 - ₹16,00,000 (15%)₹40,500
Tax before Cess₹1,00,500
Health & Education Cess (4%)₹4,020
Total Tax Payable
₹1,04,520
Effective Rate: 6.8%

Alternate Regime

Opt-In Required

Chapter VIII / Schedule XV Deductions

Gross Total Income₹15,45,000
Standard Deduction- ₹50,000
Total Deductions Claimed- ₹3,55,000
Taxable Net Income₹11,40,000

Applicable Slabs Breakdown

Up to ₹2.5L (0%)₹0
₹2.5L - ₹5L (5%)₹12,500
₹5,00,001 - ₹10,00,000 (20%)₹1,00,000
Above ₹10,00,000 (30%)₹42,000
Tax before Cess₹1,54,500
Health & Education Cess (4%)₹6,180
Total Tax Payable
₹1,60,680
Effective Rate: 10.4%
Statutory Verification Notice

Under Income-tax Act, 2025 Section 202(1), taxpayers earning up to ₹12.75 Lakhs (including salaried standard deduction) enjoy zero net tax liability due to Section 156(2) full rebate and marginal relief mechanisms.

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