Latest ITR and Income Tax Updates

Welcome to the ApnoKa CA Advisory Portal: Live Tax News, Blogs & Regulatory Updates ✨

We translate technical tax circulars into simple, actionable insights. Active Assessment Year: AY 2026-27

Updated with Circular 11/2026 guidelines

LIVE UPDATES

Capital Gains Exemptions Explained: Sections 54 to 54GB After the Finance Act, 2026 Income Tax Slabs for Senior Citizens (Above 60) AY 2026-27: Complete Guide Is ₹12 Lakh Income Really Tax-Free? Common Myths About the New Regime Rebate F&O, Intraday & Share Trading Losses: How to Claim Maximum Benefit via ITR-3 and Set-Off Big Changes Under the New EPF Scheme 2026: What Every Employee Should Know Capital Gains Exemptions Explained: Sections 54 to 54GB After the Finance Act, 2026 Income Tax Slabs for Senior Citizens (Above 60) AY 2026-27: Complete Guide Is ₹12 Lakh Income Really Tax-Free? Common Myths About the New Regime Rebate F&O, Intraday & Share Trading Losses: How to Claim Maximum Benefit via ITR-3 and Set-Off Big Changes Under the New EPF Scheme 2026: What Every Employee Should Know

Krishna Gopal Varshney Jul 14, 2026 350 swipes INCOME TAX

NRI Taxation Guide: What Changes Under the Income Tax Act, 2025

CA

Advisory Council Calculator

Interactive Income Tax Estimator

Updated with Budget tax slabs & Section 87A ₹12 Lakh Zero-tax benefits.

Select Assessment Year (AY)

Taxpayer Age Group Category

1. Gross Salaried Income (₹)

₹

2. Freelance/Business Net Profit (₹) Sch. BP

₹

3. Savings Bank Interest (₹)

₹

4. Gross Rental Income (₹)

₹

5. Virtual Digital Assets / Cryptos Net Profit (₹) 30% Flat Tax

HL Interest (Self-occupied) (₹)

HL Interest (Rented property) (₹)

⚠️ Deductions Caving Note:

Deductions entered below only apply when calculating tax under the Old Regime. The New Regime disables VI-A deductions (except 80CCD(2)).

1. Section 80C Deductions (₹)

₹

Maximum threshold capped at ₹1.5L automatically u/s 80C.

2. Section 80D Health Insurance (₹)

₹

3. Exempt Allowances (HRA, LTA etc.) (₹) (Old Regime exclusive)

₹

4. Other Deductions (80G, 80E Education loan, etc.) (₹)

₹

Section 80TTA/80TTB is automatically capped up to ₹10,000 based on savings interest.

Expert CA Verdict

File under New Regime to save ₹47,320!

NEW BEST

New Regime

₹59,280

Taxable Income: ₹12,57,000

₹12L 87A Zero tax applied!

Old Regime

₹1,06,600

Taxable Income: ₹9,50,000

Calculation Parameter

New Regime

Old Regime

Computed live for Year FY 2026-27 (AY 2027-28)

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1. Basic Entities

Tenant Corporate Full Name

Landlord Full Name

Landlord PAN

2. Rent Premises & Duration

Rent Duration Scope

Monthly Rent (₹)

Fiscal Year Selection

Configure Custom Tenancy Periods

Start Month

Start Year

End Month

End Year

Rent From Date

Rent To Date

Complete Address of Rented Property

PAID

RENT RECEIPT

Commercial Tenancy Voucher

Receipt No: --

Date Paid: --

Received with thanks from Mr A (Amritansh), the sum of ₹18,000

(in words: Eighteen Thousand Rupees Only)

towards the residential rent of the property premises located at:
Flat 304, Garden Crest Apartments, Sector 15, Dwarka, New Delhi - 110075

for the period of: April 2025

Rental Duration: 01 Apr 2025 - 31 Mar 2026

Landlord Legal Identity

Rajesh Kumar Sharma

PAN: ABCDE1234F Validated

REVENUE ₹ 1 STAMP

Rajesh...

Landlord Signature

Owner / Authorized signatory

Quick HRA Exemption Advisory (Sec 10(13A))

To claim tax exemption on House Rent Allowance (HRA) when filing under the Old Tax Regime, the allowable exemption amount is calculated as the least of the following three guidelines:

Actual House Rent Allowance (HRA) received from your employer.
Actual Rent Paid minus 10% of your basic salary (+ Dearness Allowance).
50% of basic salary if you reside in a metro city (Delhi, Mumbai, Chennai, Kolkata), OR 40% if you live in a non-metro city.

⚠️ Note: HRA deduction is completely disabled under the New Tax Regime (Section 115BAC), meaning you pay flat lower tax rates instead. Verify both regimes in the widget above to optimize!

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ITR 1

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SALARIED INDIVIDUALS

Salary income, single house property, or standard interest gains.

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ITR 2

₹2000

CAPITAL GAINS & MULTIPLE HOUSE PROPERTY

Share trading, mutual funds, crypto assets, or multiple houses.

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ITR 3

₹4000

BUSINESS / PROFESSION & COMPLEX TRANSACTIONS

Proprietorship audit, freelancing, F&O/intraday trading, partnerships.

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ITR 4

₹2500

PRESUMPTIVE INCOME (44AD / 44ADA / 44AE)

Presumptive tax schemes for professional freelancers or retail shops.

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