An HUF is taxed as a separate person with the same slabs as individuals – but it cannot claim the 87A rebate. Learn HUF slabs for FY 2025-26, deductions, how to form an HUF, and which ITR form to file.
Salaried employees and pensioners get Rs 75,000 off taxable salary in the new regime and Rs 50,000 in the old regime for FY 2026-27 — automatically, with no proof. Who can claim, zero-tax math, worked examples.
Senior citizens get higher exemption limits (Rs 3 lakh / Rs 5 lakh in the old regime), Rs 1 lakh 80TTB deduction, Rs 50,000 80D deduction, no advance tax, and zero tax up to Rs 12 lakh in the new regime. Full 2026 guide.
New regime or old regime for FY 2026-27? Compare slabs, deductions, break-even points at Rs 15/20/25 lakh salaries, and three worked examples to pick the one that saves you more.
The 87A rebate (now Section 156) brings your tax to zero on total income up to Rs 12 lakh in the new regime and Rs 5 lakh in the old regime. Who qualifies, what it does not cover, and worked examples.
Marginal relief caps your tax at the amount by which your income exceeds ₹12 lakh. Worked examples for the new regime, the relief zone up to ₹12,70,588, and who doesn’t qualify.