Income tax resources
Indian income tax, explained plainly
This hub covers income tax slabs, common deductions, and exemptions, including Section 80C, House Rent Allowance, and the Old and New regimes. Use the calculator to explore your own numbers, then read the rules behind them.
Deductions and regimes
Key provisions to compare
Section 80C
Section 80C allows deductions up to a statutory ceiling for eligible instruments such as EPF contributions, PPF, ELSS, and life insurance premiums, subject to the conditions in the Act.
House Rent Allowance
HRA exemption is generally the least of actual HRA received, rent paid minus 10% of basic salary, and a percentage of basic salary depending on city of residence.
Old vs New regime
The Old regime keeps most deductions with different slab rates, while the New regime has lower slab rates with fewer deductions. Compare both before filing and check current rules.
Keeping current
Rules change with each budget
Income tax slabs, deduction limits, and exemption rules are set by the Finance Act and can change from one assessment year to the next. Always confirm the figures for the year you are filing against the latest official notifications.
Your outcome depends on your income sources, residence status, and other circumstances. These pages explain the general structure only; for a decision about your own return, speak with a qualified chartered accountant.