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Income Tax — Key Facts

New regime: ₹12L income = zero tax after 87A rebate — no deductions needed.

Standard deduction is ₹75,000 for salaried & pensioners under new regime.

Old regime benefits: HRA, 80C (₹1.5L), 80D health insurance, home loan interest.

Surcharge kicks in above ₹50L income — can add up to 25% on top of base tax.

New regime is the default from FY 2023-24. You must actively opt out for old regime.

Capital gains from equity (>₹1.25L) taxed at 12.5% LTCG; STCG at 20%.

Disclaimer: These calculators are for indicative purposes only. Tax figures are based on FY 2026-27 slabs; EMI figures assume flat reducing-balance interest. For personalised tax planning, loan structuring, or financial advisory, consult our team at info@mmgconsulting.in.