India Tax Calculator and Planner Pro
Compare FY regimes with Home Loan, Medical, and Job Switch optimization logic.
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Tax Health Score: 0/100
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India Tax Planning FAQs
What is the 87A rebate for New Regime in ?
In FY , income up to ₹12 Lakhs is effectively tax-free due to the Section 87A rebate. Salaried users enjoy an additional ₹75,000 Standard Deduction.
How is Home Loan interest (24b) treated?
You can deduct up to ₹2,00,000 in interest annually, but this benefit is only available under the Old Tax Regime.
Can I claim Medical Insurance (80D)?
Yes, premiums up to ₹25k (Self) and ₹50k (Senior parents) are deductible, but strictly in the Old Regime.
What is 80CCD(2) Employer NPS?
This is the contribution by your employer. In , both private and govt employees get a 14% limit in the New Regime.
Why use the Job Switch Optimizer?
Switching mid-year often leads to "Double Standard Deduction" errors in office payroll. Our tool combines salaries for a true audit.
What is the 80C limit for ?
The Section 80C limit remains ₹1.5 Lakhs per year, covering PPF, LIC, ELSS, and Home Loan principal repayments (Old Regime).
Is HRA allowed in the New Regime?
No, HRA (House Rent Allowance) exemption is not available in the New Regime as per the latest rules.
Standard Deduction for ?
It is ₹75,000 for the New Regime and ₹50,000 for the Old Regime for all salaried professionals in Bharat.
What is the break-even deduction?
If your deductions (80C + 24b + 80D + HRA) are less than ₹3.75 Lakhs, the New Regime is typically better for salaries above 15L.
Can NRIs use this calculator?
Yes, though NRIs don't qualify for the 87A rebate. The slab calculations remain the same for Indian source income.
Is this tool safe?
All calculations happen locally in your browser. OTechy does not store or see your salary or tax data.
How do I improve my health score?
Maximize your 80C, 80D, and NPS contributions under the Old Regime to reach a 100/100 tax efficiency score.