Salary TDS Calculation
For employer payroll & employee payslip planning. Calculate how much TDS should be deducted from salary each month under Section 392 of the IT Act 2025.
No advance tax or self-assessment tax credit here — employer only considers salary, declared investments & declared other income. Annual & monthly TDS shown.
Own Tax Liability / ITR
For filing your Income Tax Return. Calculates your actual tax liability and net amount payable or refundable after all taxes already paid are credited.
All prepaid taxes — employer TDS, bank TDS, advance tax, self-assessment tax — are credited against final liability u/s 219 of IT Act 2025.
Taxpayer profile
Below 60 years (General)
Senior Citizen: 60–79 yrs · Super Senior Citizen: 80+ yrs — at any time during Tax Year 2026-27 (IT Act 2025)
§124 NPS cap: Govt=14% both regimes; Others=10% old / 14% new
Used to calculate monthly TDS = Annual tax ÷ remaining months
Salary & allowances
📌 Enter all amounts as annual totals. For month-wise salary entry, use the Advanced tab.
Enter annual total regardless of frequency
u/s 17(1) IT Act 2025 — always annual
Other income declared u/s 392
Declared investments & deductions (Form 12BB)
These are always annual figures — enter the full year's declared amount.
HRA calculation — old regime only
Chapter VIII deductions — old regime only
PPF, ELSS, LIC, EPF, NPS…
Max ₹25,000 / ₹50,000 for seniors
⚠ Do NOT enter here if same interest is already in the house-property loss above — double-count risk
Other income declaration to employer [u/s 392]
⚡ Section 392 — Optional Declaration to Employer
Employee may declare other income and TDS on it. Employer adjusts salary TDS — but cannot reduce it below what it would be without this declaration (except for HP loss).
Cannot include capital gains or business income
Only loss allowed u/s 392
⚠ Employer cannot verify accuracy of this declaration — employee bears full liability. AIS mismatch triggers automatic IT Dept. notice.
Taxpayer profile
Below 60 years (General)
Senior Citizen: 60–79 yrs · Super Senior Citizen: 80+ yrs — at any time during Tax Year 2026-27 (IT Act 2025)
§124 NPS cap: Govt=14% both regimes; Others=10% old / 14% new
Salary breakup
Salary fields (all components):
Enter annual totals directly
Enter actual Basic salary each month (Apr 2026 – Mar 2027)
Total annual Basic₹0
§124: Govt = 14% of Basic+DA (both regimes); Others = 10% (old regime) / 14% (new regime)
⟡ HRA Exemption — Least of 3 Conditions [u/s 10(13A) [carried forward in IT Act 2025]]
Condition 1 · Actual HRA received
—
Condition 2 · 50%/40% of Basic+DA
—
Condition 3 · Rent − 10% Basic+DA
—
HRA Exemption (least of above)₹0
Perquisites [u/s 17(1) IT Act 2025]
🚗 Company car (Rule 15 / IT Rules 2026)
Taxable car perquisite—
🏠 Accommodation perquisite
Taxable accommodation perquisite—
🎁 Other perquisites
Exempt if ≤₹20,000 · SBI rate ~8.15%
Exempt up to ₹200/meal (raised from ₹50)
Club fees, gifts >₹5,000, ESOPs…
Total taxable perquisites₹0
Declared deductions (Form 12BB)
⚠ If house-property loss above already includes this interest, leave blank here — do not double-enter
Other income declaration [u/s S.392]
⚡ Section S.392 — Optional Declaration
Employee may declare other income heads and TDS thereon. Employer adjusts salary TDS accordingly — but salary TDS cannot fall below the floor (except for HP loss).
Not capital gains or business income
Only loss allowed · max ₹2,00,000
⚠ Employer accepts this declaration in good faith. Liability for any inaccuracy rests with the employee. AIS mismatch triggers automatic notice from IT Dept.
Taxpayer profile
Below 60 years (General)
Senior Citizen: 60–79 yrs · Super Senior Citizen: 80+ yrs — at any time during Tax Year 2026-27 (IT Act 2025)
§124 cap: Govt = 14% (both regimes); Others = 10% (old) / 14% (new)
Income details — all heads
Recurring income fields:
Enter annual totals directly
Head 1 — Salaries
u/s 17(1) IT Act 2025 — always annual
Head 2 — House Property
No upper limit for let-out property
Loss = negative; capped at ₹2,00,000
Head 3 — Capital Gains (always annual — enter total for the year)
₹1,25,000 exemption applied automatically
No deduction allowed; loss cannot be set off
Head 4 — Business / Profession (net taxable profit)
After all allowable business expenses — annual only
Head 5 — Income from Other Sources
Old regime only — max ₹10,000 (non-senior) / ₹50,000 (senior/super-senior) under §153 IT Act 2025 [formerly 80TTA/80TTB]. For seniors, FD/RD interest also eligible
Deductions & exemptions (old regime only)
HRA auto-calculation — always annual
Chapter VIII deductions
Taxes already paid [u/s 219, IT Act 2025]
For ITR: All taxes paid — employer TDS on salary (u/s 392), TDS on other income (bank/tenant), advance tax, and self-assessment tax — are credited against your final liability. Enter annual totals.
Taxpayer profile
Below 60 years (General)
Senior Citizen: 60–79 yrs · Super Senior Citizen: 80+ yrs — at any time during Tax Year 2026-27 (IT Act 2025)
§124 cap: Govt=14% (both regimes); Others=10% (old) / 14% (new)
Salary breakup
Basic salary entry (month-wise):
Enter annual totals directly
Total annual Basic₹0
§124: Govt = 14% of Basic+DA (both regimes); Others = 10% (old regime) / 14% (new regime)
Max ₹20,00,000
Max ₹25,00,000
⟡ HRA Exemption [u/s 10(13A) [carried forward in IT Act 2025]]
Condition 1 · Actual HRA
—
Condition 2 · 50%/40% Basic+DA
—
Condition 3 · Rent − 10% Basic+DA
—
HRA Exemption (least)₹0
Perquisites [u/s 17(1) IT Act 2025]
🚗 Company car (Rule 15 / IT Rules 2026)
Taxable car perquisite—
🎁 Other perquisites
Exempt if ≤₹20,000
Exempt up to ₹200/meal
Total taxable perquisites₹0
Other income — all heads
House property income
Business / Profession income
After all allowable business deductions
Income from Other Sources (IFOS)
Capital Gains & Special Rate Income — always annual totals
₹1,25,000 exemption applied automatically
Deductions
Old regime only
Taxes already paid [u/s 219, IT Act 2025]
For ITR: All four types are valid credits — employer salary TDS (u/s 392), other-income TDS deducted by bank/tenant/others, advance tax, and self-assessment tax paid.
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P Chhajed & Co LLP, Chartered Accountants