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Category 14
Income tax slabs, salary structure, and corporate helpers.
7 TOOLS
Statutory TY 2026–27 engine under Income-tax Act, 2025 Section 202 — slabs, rebate, marginal relief, surcharge, cess, credits, and default vs alternative regime comparison
Equity LTCG @ 12.5% (>₹1.25L exemption), STCG @ 20%; Debt MF @ slab rates; Unlisted/Gold @ 12.5%
Compares 12.5% without indexation vs 20% with indexation (pre-23 July 2024 grandfathering) + Sec 54/54EC exemption bonds
Take-Home = Gross CTC - Employer PF - Gratuity Provision - Employee PF - Professional Tax - Income Tax TDS
Exemption = Min(Actual HRA, Rent Paid - 10% Basic, 50% Basic [Metro] or 40% [Non-Metro])
Gratuity = (15 × Last Drawn Basic Salary × Years of Service) / 26 (statutory cap ₹20 Lakhs)
Days × ₹50/day (₹20 for NIL return) + 18% p.a. interest on unpaid tax liability for GSTR-1 and GSTR-3B