Income Tax Calculator for A.Y. 2027-28 | Calculate Your Taxes under NEW TAX REGIME
Estimate Your Income Tax: A.Y. 2027-28 | Tax Calculator
2026-27 Financial Year Tax Calculator | Calculate Income Tax
Income Tax Computation Statement
(New Tax Regime)
For the Financial Year 2026-27 | Assessment Year 2027-28
Name & Designation :-
PAN :-
Office Name & Address :-
TAN of DDO :-
| Sl. No. | PARTICULARS | AMOUNT (in Rs.) |
|---|---|---|
| 1 | a) Gross salary received during the year | |
| b) Arrear Salary of previous year(s) received during the year | ||
| 2 | Total (a+b) | ₹ 0.00 |
| 3 | Deduction of allowance(s) to the extent exempt u/s 11 of IT Act 2025 | |
| 4 | Deduct allowances to the extent exempt u/s 12 | |
| 5 | Total (2-3-4) | ₹ 0.00 |
| 6 | a) Standard deduction ₹75,000/- u/s 19 of IT Act 2025 (auto: lower of ₹75,000 or Sl. 5) | ₹ 0.00 |
| b) Entertainment allowance u/s 20 | ₹ 0.00 | |
| c) Tax on employment u/s 21 / Professional Tax | ₹ 0.00 | |
| 7 | Total (a + b + c) | ₹ 0.00 |
| 8 | Add any other income reported by the employee | |
| 9 | Gross Total Income (5-7+8) | ₹ 0.00 |
| 10 | Deduction under: (as per IT Act 2025) | |
| a) Section – 126, 127, 128, 129, 132, 151 etc. | ₹ 0.00 | |
| b) Section – 32: Interest amount of Housing loan / H.B. Advance | ₹ 0.00 | |
| c) Section – 149: Interest earned on deposit in saving account (max ₹10,000) | ₹ 0.00 | |
| 11 | Total (a to c) | ₹ 0.00 |
| 12 | Deduction under Chapter VIII of IT Act 2025 | |
| A) Section 123 (GPF, GIS, LIC, NSC, HBA, ULIP, PPF, PLI, FD, MF, Tuition Fees, CTD, Infra Bonds, Sukanya Samriddhi etc.) | ₹ 0.00 | |
| B) Section 124 (1): Employer’s contribution to NPS | ₹ 0.00 | |
| C) Section 124: Contribution to certain Pension Funds | ₹ 0.00 | |
| 13 | Total (A + B + C) | ₹ 0.00 |
| 14 | Section 124(3): Addl. Deduction for contribution to NPS by the employee up to ₹50,000/- | |
| 15 | Net taxable income of the year (9-11-13-14) | ₹ 0.00 |
| 16 | Tax on total income | ₹ 0.00 |
| 17 | Tax rebate (up to ₹60,000 for net taxable income upto ₹12.00 lakhs u/s 156 of IT Act 2025) | ₹ 0.00 |
| 18 | Tax Payable on total income (16-17) | ₹ 0.00 |
| 19 | Health & Educational cess @ 4% of income tax | ₹ 0.00 |
| 20 | Relief u/s 158 (attach details) | |
| 21 | Tax Payable (18+19-20) | ₹ 0.00 |
| 22 | Tax deducted at source u/s 392 of IT Act 2025 | |
| 23 | Tax Payable / Refundable (21-22) | ₹ 0.00 |
I, (Name of the employee),
do hereby declare that what is stated above is true to the best of my information and belief.
Signature of the Employee
DDO’s Signature & Seal
Note: New regime slabs — ₹0–4L: Nil; 4–8L: 5%; 8–12L: 10%; 12–16L: 15%; 16–20L: 20%; 20–24L: 25%; >24L: 30%. Rebate u/s 156 up to ₹60,000 for income ≤ ₹12,00,000. Sl. 6a is auto-computed as the lower of ₹75,000 or Sl. 5.