Simplify Your Tax Planning

Can I claim HRA in the New Tax Regime?

No, the New Tax Regime does not allow HRA exemptions. However, you can claim Employer NPS contributions under Section 80CCD(2).

How is PF calculated?

You can choose between a fixed ₹1,800 per month contribution or 12% of your gross salary (capped at ₹1.5L annually).

What is the standard deduction for FY 2025-26?

The standard deduction is ₹75,000 for the New Regime and ₹50,000 for the Old Regime in FY 2025-26.

What is the Rebate under Section 87A?

The Rebate under Section 87A is a tax relief provided by the Indian government to resident individuals. For FY 2025-26:

• New Regime: Eligible if taxable income is up to ₹12,00,000; maximum rebate of ₹60,000.
• Old Regime: Eligible if taxable income is up to ₹5,00,000; maximum rebate of ₹12,500.

If your taxable income is below the threshold, the rebate reduces your tax liability to zero (up to the maximum amount), and no cess is applied. This benefit helps lower and middle-income earners retain more of their income. Check your results in the calculator to see if you qualify!