Form 16 Income Tax Calculator with NPS
For Employees & Individual Tax Payers (FY 2025-26 / AY 2026-27)
Assessment Year: 2026-27 | Financial Year: 2025-26
Old Tax Regime
- Standard Deduction: ₹1,50,000
- Full HRA Exemption
- Section 80C Deductions (₹1.5L)
- Section 80D Medical Insurance
- Home Loan Interest Deduction
- NPS Additional Deduction ₹50,000
- All Chapter VI-A Deductions
New Tax Regime
- Standard Deduction: ₹75,000
- Simplified Tax Structure
- Lower Tax Rates
- Employer NPS Deduction
- NPS Additional Deduction ₹50,000
- No Investment Proof Needed
- No Complex Deductions
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Personal Information
Income Details
Interest income, rental income, etc.
NPS Contributions
Deductible under Section 80CCD(1) - Max ₹1.5 lakh (included in 80C limit for Old Regime) + additional ₹50,000 under Section 80CCD(1B) for both regimes
Deductible up to 10% of (Basic + DA) under Section 80CCD(2) - Separate from ₹1.5 lakh limit for both regimes
Additional voluntary contribution to NPS
Paid during the financial year
Deductions (Old Regime Only)
Includes PPF, ELSS, Life Insurance, NSC, etc.
For self (₹25,000) + Parents (₹50,000) if applicable
Max ₹2,00,000 for self-occupied property
No upper limit for 8 years
Additional Deductions (Section 80G, 80DDB, etc.)
Income Tax Slabs for FY 2025-26 (AY 2026-27)
| Income Range (₹) | Old Regime Tax Rate | New Regime Tax Rate |
|---|---|---|
| 0 - 3,00,000 | 0% | 0% |
| 3,00,001 - 6,00,000 | 5% | 5% |
| 6,00,001 - 9,00,000 | 10% | 10% |
| 9,00,001 - 12,00,000 | 15% | 15% |
| 12,00,001 - 15,00,000 | 20% | 20% |
| Above 15,00,000 | 30% | 30% |
Note: Standard Deduction: ₹1,50,000 (Old Regime) / ₹75,000 (New Regime) | Rebate u/s 87A: Up to ₹12,500 (Old) / ₹25,000 (New) | Cess: 4% on tax amount
Tax Calculation Results - AY 2026-27
Gross Total Income
₹0
Total Deductions
₹0
Taxable Income
₹0
Total Tax Payable
₹0
Tax After Rebate (87A)
₹0
Selected Tax Regime
Old Regime
Deduction Breakdown
Standard Deduction
₹0
NPS Total Deduction
₹0
HRA Exemption
₹0
Section 80C
₹0
Section 80D
₹0
Other Deductions
₹0
FORM 16 - INCOME TAX DEDUCTION CERTIFICATE
Assessment Year: 2026-27 | Financial Year: 2025-26
Employee Name: Rahul Sharma
PAN: ABCDE1234F
Age: 40
Tax Regime: Old Regime
Generated Date: 15/03/2026
| Particulars | Amount (₹) |
|---|
Note: This is a simulated Form 16 generated for reference purposes only. For official tax filing, please consult with a tax professional or use the official income tax portal.
Important Notes:
- This calculator is for Assessment Year 2026-27 (Financial Year 2025-26)
- Standard Deduction: ₹1,50,000 for Old Regime, ₹75,000 for New Regime
- NPS deductions are available in both regimes with different limits
- Tax rebate under Section 87A is available for income up to ₹7 lakhs (New Regime)
- Health & Education Cess of 4% is applicable on tax amount
- Consult a tax professional for accurate tax planning
