ITR-3, 4 (Sugam), 5 (Non-Audit) (Income Tax)31 Aug 2026Form 141 / Challan 281 (Income Tax)7 Sept 2026GSTR-7 (GST)10 Sept 2026GSTR-8 (GST)10 Sept 2026PT Challan (Labour Laws)10 Sept 2026GSTR-1 (GST)11 Sept 2026IFF (QRMP) (GST)13 Sept 2026GSTR-5 (GST)13 Sept 2026GSTR-6 (GST)13 Sept 2026Challan 280 / Tax Year Schedule (Income Tax)15 Sept 2026EPF ECR (Labour Laws)15 Sept 2026ESIC Challan (Labour Laws)15 Sept 2026GSTR-3B (GST)20 Sept 2026GST PMT-06 (GST)25 Sept 2026
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Act 2025 ReadySection 202(1) & Section 115BAC

Income Tax Multi-Year Dual-Act Calculator

Compare tax liability across Tax Year 2026-27 (Act 2025 Section 202(1) widened slabs, ₹60,000 Section 156(2) rebate, marginal relief up to ₹12.75L) and Old Regime.

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Statutory Income Tax Engine

Act No. 30 of 2025

Section 202(1) Default Slabs + Section 156(2) ₹60k Rebate & Marginal Relief up to ₹12.75L

Income & Profile

Section 19(1) Table Sl. 2 Standard Deduction: ₹75,000 applied

₹

Chapter VIII Deductions (Opt-in)

Sch XV / Act 2025
Section 123 (PF, LIC, ELSS)Max ₹1.5L
Section 126 (Health Insurance)Max ₹25k
HRA ExemptionRule 2A
Section 124 (NPS Employee)Max ₹50k
Home Loan Interest (Self-occupied)Max ₹2L
Section 153 (Interest Income)Max ₹10k
Section 133 (Charitable Donations)Form 10BE
Other Deductions (Education Loan, etc.)
Statutory Recommendation

Default Regime (Section 202(1))

Section 202(1) slab expansion & Section 156(2) full rebate up to ₹12L yields lower tax.

Net Tax Savings

₹1,11,800

vs alternate calculation

Default Tax Regime

Statutory Default

Income-tax Act, 2025 — Section 202(1)

Gross Income ₹12,50,000
Standard Deduction (Sec 19(1))- ₹75,000
Taxable Income₹11,75,000

Applicable Slabs Breakdown

Up to ₹4L (0%)₹0
₹4L - ₹8L (5%)₹20,000
₹8L - ₹12L (10%)₹37,500
Tax Rebate (Section 156(2))- ₹57,500
Tax before Cess₹0
Health & Edu Cess (4%)₹0
Total Tax Payable
₹0
Effective Rate: 0.00%

Alternate Regime

Opt-In Required

Chapter VIII / Schedule XV Deductions

Gross Income ₹12,50,000
Standard Deduction - ₹50,000
Total Deductions Claimed - ₹2,25,000
Taxable Income₹9,75,000

Applicable Slabs Breakdown

Up to ₹2.5L (0%)₹0
₹2.5L - ₹5L (5%)₹12,500
₹5L - ₹10L (20%)₹95,000
Tax before Cess₹1,07,500
Health & Edu Cess (4%)₹4,300
Total Tax Payable
₹1,11,800
Effective Rate: 8.94%
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) rebate and marginal relief mechanisms.

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