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TELUGU NEWS PAPERS

INCOME TAX ONLINE SOFTWARE 2026-27
Old / New Tax Regime • Tax Year 2026-27
Final Income Tax • Old/New Regime Comparison • Annexure-I & II
Present Release: This Income Tax Online Software helps employees enter their personal and salary details, project month-wise salary, include salary differences and arrears, and calculate estimated income tax for FY 2026–27 under the Old or New Tax Regime. It supports applicable exemptions and deductions, advance tax/TDS adjustments, tax comparison, and preparation of available income-tax statements and forms, including Annexures I & II, Form 39 and Form 124.
Current Versionv1.0.265
Last Updated15 Nov 2026
0 saved
Current: New employee (not saved)
PART-A - Employee Details
PART-B - Salary Particulars
Half Pay LeaveDefault: Not Applicable. If applicable, enter From Date and To Date; days are calculated automatically.
Surrender LeaveDefault: Not Applicable. Add another entry only when required.
OTHER ARREARS – SALARY PARTICULARSNotional Increment, Child Fee, Step-Up, PRC and Other Arrears. Select the applicable type; amounts are included in salary projection and Annexure-I.
Monthly Salary Components
CAPITAL GAINS – STCG / LTCGSeparate Tax Calculation · Tap + to Enter Details
NON-SALARY EXEMPT ALLOWANCES – AP EMPLOYEES Section 11 / Schedule III · FY 2026–27+

Only non-salary official duty allowances belong here. PHC/PHA, Reader and SCA are handled automatically from Monthly Salary Components and their eligibility details are entered there. Do not enter any payroll allowance again.

Official duty allowances / other prescribed exemptions

Enter the amount received for each allowance only if it is not already included in Monthly Salary Components. The entered amount is used for the claim and reported in the applicable forms. Tax exemption is subject to the applicable regime, qualifying duty and expenditure rules.

Official Tour / Transfer Travel Allowance (TA)
Transfer / Packing / Transportation Allowance
Official Tour / Transfer Daily Allowance
Official Duty Conveyance / Mileage / FTA
Uniform Allowance (Old only)
Academic / Research Allowance (Old only)
Estimated Exemption Under Applicable Rules: Rs. 0

No Verified / Not Verified checkbox. HRA remains separate. Reader/Uniform/Research/SCA are Old-Regime-only. Official TA/DA/Conveyance may be claimed in both regimes subject to Rule 280. Employee-entered amounts are carried into calculations and relevant forms. The DDO checks supporting records before acceptance. Do not enter reimbursements twice.

Advance Tax Already PaidMar-2026 – Jan-2027 (11 Months)Total PaidRs. —

Enter the amount for March 2026 to fill the 11 paid months (through Jan-2027). Feb-2027 is calculated automatically as the final balance, not entered as advance tax.

Income-tax Act, 2025 — New Sections (Old Sections in Yellow)
Section 19(1), item 2(Old: 16(ia))Standard deduction
Section 19(1), item 1(Old: 16(iii))Professional tax
Schedule III, item 11(Old: 10(13A))House Rent Allowance (HRA)
Schedule III, item 12(Old: 10(14)(i))Eligible special allowances
Section 22(1)(b)(Old: 24(b))Housing-loan interest
Section 123 + Schedule XV(Old: 80C)Savings and investments
Section 123 / Schedule XV(Old: 80CCC)Eligible pension contributions
Section 124(Old: 80CCD(1), 80CCD(1B), 80CCD(2))NPS / CPS contributions
Section 126(Old: 80D)Health insurance / eligible medical claims
Section 127(Old: 80DD)Dependent with disability
Section 128(Old: 80DDB)Specified disease expenses
Section 129(Old: 80E)Education-loan interest
Section 130(Old: 80EE)Housing-loan interest (eligible cases)
Section 131(Old: 80EEA)Affordable housing interest
Section 132(Old: 80EEB)Electric vehicle loan interest
Section 133(Old: 80G)Eligible donations
Section 153(Old: 80TTA / 80TTB)Eligible interest deductions
Section 154(Old: 80U)Person with disability
Section 156(Old: 87A)Tax rebate
Section 157(1)(Old: 89(1))Salary arrears relief
Section 202(Old: 115BAC)Tax regime provisions
Section 392(Old: 192)Salary TDS
Section 395(4)(b)(Old: 203)TDS certificate
Form 39 (Rule 73)(Old: Form 10E)Relief for salary arrears
Form 124 (Rule 205)(Old: Form 12BB)Employee deduction / exemption claims
Form 130 (Rule 215)(Old: Form 16)Salary and TDS certificate
Annexure I / Annexure II(Old: No separate equivalent form number)Software salary / tax computation annexures

New Act references are for Tax Year 2026–27. Old/New Tax Regime is a separate tax-calculation choice. Section references do not change eligibility or the PHP tax engine.

New Tax Regime: only eligible employer NPS Section 80CCD(2) is enabled here. Old-regime-only claims are hidden.

DEDUCTIONS / SAVINGS - 2026-27

1Income / Loss from House PropertySection 22 — House Property (Old: Section 24) • Regime rulesEligible AmountRs. —

Old regime: eligible self-occupied housing-loan interest up to Rs. 2,00,000, or Rs. 30,000 where the higher-limit conditions are not met. New regime: no self-occupied interest deduction. Let-out property is treated separately.

3Employer NPS – Section 124 (Old: 80CCD(2))Employer contribution and verification detailsEligible AmountRs. —

The employer contribution is estimated from employee CPS. It is claimed only when the employer actually paid that amount and the contribution is confirmed in records. No separate amount entry.

FORM NO. 39 - Salary Arrears Relief Section 157(1) (Old: Form 10E / Section 89(1)) • Salary Arrears / AdvanceEligible Relief AmountRs. 0
FINANCIAL YEAR 2026–27

FINAL INCOME TAX COMPARISON

Compare Old and New Tax Regimes using your entered salary and deduction details.

OLD TAX REGIME—After eligible relief
NEW TAX REGIME—After eligible relief
Select Refresh Comparison to calculate both tax regimes.

No automatic PHP requests for this comparison.

2026–27 • TAX FORMS DOWNLOAD CENTRE

INCOME TAX FORMS & PDF DOWNLOADS

Start with the New Income Tax Act forms. Older reference formats are grouped separately below. Matching old form references appear in red brackets.

2025 ACT • CURRENT FORMS & REFERENCES

NEW INCOME TAX ACT

Use these downloads for the latest 2025 Act references and prescribed employee forms.

1961 ACT • LEGACY / OLD REFERENCES

OLD INCOME TAX ACT

Use these downloads when you need old-reference salary, annexure and working statements.

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