Worked examples for salary, HRA, home loans, deductions and capital gains, plus filing checklists.
Tax rules make sense once you see them applied to a real-looking salary slip. This section takes the rules and works through them with illustrative numbers: a ₹15 lakh CTC turned into monthly take-home pay, an HRA claim for a flat in Pune, a home loan in the old regime, a mutual fund redemption with the ₹1.25 lakh exemption, and the deductions that still matter in the old regime.
Begin with the worked tax calculation examples, which compare both regimes at several income levels. Then go to the topic you need: take-home salary, deductions under the 2025 Act, HRA, home loan interest, capital gains examples, tax-saving investments and the ITR documents checklist.
Every example shows each step so you can redo it with your own figures, or use the calculators. Examples apply the 4% health and education cess and ignore surcharge unless stated, because surcharge applies only above ₹50 lakh of income.
Calculations and checklists
Worked capital gains examples for 2026-27: SIP redemptions, FIFO, loss set-off, the ₹1.25 lakh exemption, gain harvesting and pre-2018 shares.
Calculations and checklists
80C, 80D and NPS under the Income-tax Act, 2025: new sections 123, 126 and 124, limits for tax year 2026-27 and what the new regime still allows.
Calculations and checklists
Home loan tax benefits for 2026-27: ₹2 lakh interest on a self-occupied home, principal under section 123, let-out rules and joint loans.
Calculations and checklists
How to calculate the HRA exemption in the old regime for 2026-27: the three-way test, metro and non-metro examples, rent to parents and landlord PAN.
Calculations and checklists
Step-by-step income tax calculations for 2026-27: a ₹12.75 lakh salary, ₹18 lakh with deductions, a senior pensioner and an investor.
Calculations and checklists
Documents to collect before filing an income tax return, how to choose between ITR-1, ITR-2, ITR-3 and ITR-4, reconciling AIS, and e-verifying within 30 days.
Calculations and checklists
How to turn CTC into monthly in-hand salary for 2026-27: employer PF, gratuity, professional tax and TDS under both regimes, with examples.
Calculations and checklists
PPF, ELSS, NPS, tax-saver FD, SSY and insurance compared for the old regime in 2026-27: lock-in, tax on returns, risk and when it is not worth it.
