Calculators / Tax (India)
HRA exemption
Defaults come from the India rule pack india-2026-27.v1. Change any of them.
₹
₹6 L
₹
₹2.4 L
₹
₹3 L
Exempt HRA
₹2,40,000
- Taxable HRA
- ₹0
How this is calculated
Standard time-value-of-money formulas with the inputs and assumptions shown. Every result records the rule-pack version used.
Educational estimate. Returns are not guaranteed; taxes and charges are not included unless stated. · india-2026-27.v1
Where the figures come from
Tax slabs, scheme rates and planning assumptions are kept in a dated rule pack with a source for each figure.
Where the rules come from
- New-regime slabs: Income-tax Act, 2025, section 202 (new regime rates) (checked 2026-10-26)Unchanged by Budget 2026-27: nil to 4 L, 5% to 8 L, 10% to 12 L, 15% to 16 L, 20% to 20 L, 25% to 24 L, 30% above.
- Standard deduction (new regime): Income tax changes for FY 2026-27 (checked 2026-10-26)₹75,000 for salaried taxpayers, unchanged.
- Section 87A rebate: Budget 2026-27: no change in income-tax slabs (checked 2026-10-26)Rebate of up to ₹60,000 continues for normal income up to ₹12 L; not available on income taxed at special rates (equity gains, lottery).
- Surcharge cap (new regime): Income tax slab rates for tax year 2026-27 (checked 2026-10-26)Surcharge under the new regime is capped at 25%; the 37% tier applies only under the old regime.
- Old regime: Income tax changes for FY 2026-27 (checked 2026-10-26)Slabs (nil to 2.5 L, 5% to 5 L, 20% to 10 L, 30% above), ₹50,000 standard deduction, ₹12,500 rebate up to ₹5 L and the 80C / 80D / 80CCD(1B) / 24(b) limits are unchanged. Residents aged 60 to 80 have a ₹3 L basic exemption and 80 and above ₹5 L; the calculator uses the under-60 slabs.
- Cess: Income tax slab rates for tax year 2026-27 (checked 2026-10-26)Health and education cess 4% on tax plus surcharge under both regimes.
- Capital gains: Union Budget 2026-27 income-tax changes (checked 2026-10-26)Equity LTCG 12.5% above ₹1.25 L and STCG 20% carried over from Budget 2024. Budget 2026-27 moved share buybacks to capital-gains taxation and raised STT on futures (0.05%) and options (0.15% on premium) from 1 April 2026.