New Regime (Sec 202) — Sec 392: Only ₹75,000 standard deduction. Rebate u/s 156 gives zero tax up to taxable income of ₹12L. Salaried up to ₹12,75,000 gross pay zero TDS. Quarterly return: Form 138 (old 24Q). Annual TDS certificate: Form 130 (old Form 16), issued by 15 June via TRACES.
TDS Result — Salary u/s 392 (Form 138 Return • Form 130 Certificate)
Annual TDS (u/s 392)
Monthly TDS
Effective Rate
Tax Computation
Gross Annual Salary
Less: HRA Exemption
Standard Deduction (Sec 202)
Less: Deductions (Sec 123–154)
Taxable Income
Income Tax (slab rates)
Rebate u/s 156 (= old 87A)
Surcharge
Health & Education Cess (4%)
Total Annual TDS (u/s 392)
Tax Slabs —
Select Nature of Payment — Sec 393, IT Act 2025 (Residents: Form 140 • Special/Challan: Form 141 • Non-Residents: Form 144)
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Payment & Provision Details
TDS Result — Non Salary (Sec 393)
TDS Amount
Rate Applied
Net Payable to Payee
Gross Payment Amount
Threshold Limit
TDS Applicable?
Rate Applied
TDS Amount (u/s 393)
Net Amount to Payee
Select Nature of Transaction — Sec 394, IT Act 2025
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Transaction & Provision Details
TCS Result — Sec 394, IT Act 2025
TCS Amount
Rate Applied
Total Collectible (incl. TCS)
Transaction Amount
Threshold Limit
TCS Applicable?
Rate Applied
TCS Amount (u/s 394)
Total Amount to Collect
Disclaimer: This tool is based on Income Tax Act 2025 applicable from 1 April 2026 (Tax Year 2026-27). Calculations are indicative. Rates exclude surcharge and cess unless stated. Consult a qualified CA / tax professional before making any decisions. VAIMS Advisors shall not be liable for any errors or reliance on this tool.
