Step 1 of 3

Income wizard

Everything is saved on this device as you type, and the tax engine recomputes both regimes on every keystroke.

Name

Age category

Current estimate

₹3,74,041 (old regime)

Salary components

Take these straight from Part B of your Form 16 or your latest salary structure letter.

Basic salary

₹

Dearness allowance

₹

HRA received10(13A)

₹

Annual rent paid

₹

Landlord PAN is required above ₹1,00,000 a year.

Bonus

₹

Variable pay

₹

Commission

₹

Special allowance

₹

LTA received10(5)

₹

LTA exemption claimed

₹

Travel fares only, two journeys per four-year block.

Perquisites17(2)

₹

ESOP perquisite

₹

FMV on exercise date less exercise price.

RSU perquisite

₹

FMV on vesting date, taxable as salary.

Employer NPS80CCD(2)

₹

Deductible in both regimes.

Your EPF contribution80C

₹

VPF contribution80C

₹

Professional tax16(iii)

₹

I live in a metro city (Delhi, Mumbai, Kolkata, Chennai)

DA forms part of pay for retirement benefits

HRA exemption working (old regime)

Actual HRA received₹4,32,000
Rent paid less 10% of salary₹3,72,000
50% of salary (metro)₹5,40,000

Exempt (least of the three)₹3,72,000