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Filing income-tax returns? Here's how to calculate your ITR dues under new tax regime and old tax regime

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  1. Taxpayers can calculate ITR dues under new tax regime and old tax regime for financial year 2026 / AY 2027.

  2. Under the old regime, standard deduction is ₹50,000, rebate of ₹12,500 for income up to ₹5 lakh, and deductions under Section 80C up to ₹1.5 lakh.

  3. Under the new regime, limited deductions and exemptions apply, with higher tax-free income up to ₹12 lakh per annum.

  4. Excel utilities for ITR-1 (Sahaj), ITR-2, ITR-3, ITR-4 (Sugam), ITR-5, and ITR-7 are available for offline preparation on the income-tax department portal.

  5. The deadline to file returns online via the official e-filing portal at incometax.gov.in is 31 July 2026.

4h ago · original ↗
Filing income-tax returns? Here's how to calculate your ITR dues under new tax regime and old tax regime · in5points