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
S.124 NPS cap: Govt=14% both regimes; Others=10% old / 14% new
Used to calculate monthly TDS = Annual tax ÷ remaining months
Salary & allowances
Enter amounts as:
Enter annual totals directly
Enter annual total regardless of frequency
u/s 17(1) IT Act 2025 — always annual
Other income declared u/s 192(2B)
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 192(2B)]
⚡ Section 192(2B) — Optional Declaration
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 192(2B)
⚠ Employer cannot verify accuracy of this declaration — employee bears full liability. AIS mismatch triggers automatic IT Dept. notice.
Taxpayer profile
S.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
S.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 192(2B)]
⚡ Section 192(2B) — 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
S.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 S.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
S.124 cap: Govt=14% (both regimes); Others=10% (old) / 14% (new)
Salary breakup
Salary fields (all components):
Enter annual totals directly
Total annual Basic₹0
S.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: Enter annual totals. 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