Act No. 30 of 2025 · Section 202(1)
Income Tax Multi-Year Dual-Act Calculator
Section 202(1) default slabs + Section 156(2) full ₹60,000 rebate & marginal relief up to ₹12.75L with Old / Alternate Chapter VIII deductions.
Income & Profile
Standard Deduction ₹75,000 (Sec 19(1) Table Sl. 2) applied
₹
Chapter VIII Deductions (Opt-in)
Sch XV / Act 2025Section 123 (PF, LIC, ELSS, PPF)Max ₹1.5L
Section 126 (Mediclaim Health)Max ₹25k
HRA Statutory ExemptionRule 2A
Section 124 (NPS Employee Pension)Max ₹50k
Home Loan Interest (Self-occupied)Max ₹2L
Section 153 (Savings Interest)Max ₹10k
Section 133 (Charitable Donations)Form 10BE
Other Deductions (Education Loan Sec 80E, etc.)
Statutory Optimization Recommendation
Default Regime (Section 202(1))
Section 202(1) slab expansion and Section 156(2) full rebate up to ₹12L yields lower tax without requiring investment lock-ins.
Net Tax Savings
₹1,11,800
vs alternative calculation
Default Tax Regime
Statutory DefaultIncome-tax Act, 2025 — Section 202(1)
Gross Total Income₹12,50,000
Standard Deduction (Sec 19(1))- ₹75,000
Taxable Net Income₹11,75,000
Applicable Slabs Breakdown
Up to ₹4L (0%)₹0
₹4L - ₹8L (5%)₹20,000
₹8L - ₹12L (10%)₹37,500
Tax Rebate (Section 156(2))- ₹57,500
Tax before Cess₹0
Health & Education Cess (4%)₹0
Total Tax Payable
₹0
Effective Rate: 0.00%
Alternate Regime
Opt-In RequiredChapter VIII / Schedule XV Deductions
Gross Total Income₹12,50,000
Standard Deduction- ₹50,000
Total Deductions Claimed- ₹2,25,000
Taxable Net Income₹9,75,000
Applicable Slabs Breakdown
Up to ₹2.5L (0%)₹0
₹2.5L - ₹5L (5%)₹12,500
₹5L - ₹10L (20%)₹95,000
Tax before Cess₹1,07,500
Health & Education Cess (4%)₹4,300
Total Tax Payable
₹1,11,800
Effective Rate: 8.94%
Statutory Verification Notice
Under Income-tax Act, 2025 Section 202(1), taxpayers earning up to ₹12.75 Lakhs (including salaried standard deduction) enjoy zero net tax liability due to Section 156(2) full rebate and marginal relief mechanisms.