#New Tax Regime

Form 16 to ITR Filing for Salaried — Step-by-Step Guide for AY 2026-27 (FY 2025-26)

Priya Rao · May 6

Personal Finance

Step-by-step walk-through for salaried India: read Form 16 (Section 203 + Rule 31), reconcile with Form 26AS/AIS/TIS, pick ITR-1 (now allows two house properties + LTCG up to Rs.1.25L), choose new vs old regime, claim Sec 87A rebate (Rs.60K up to Rs.12L), and e-Verify in 30 days. Due 31 July 2026.

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Old vs New Tax Regime for FY 2025-26 / TY 2026-27: Break-Even Math, Section 156 Rebate, and Who Should Pick What Under the Income-tax Act, 2025

Vikram Mehta Editorial Team · Apr 30

Income Tax

Old vs New tax regime for FY 2025-26 under the 2025 Act. Section 202: Rs 4L exemption, slabs to 30% at Rs 24L, Rs 75K standard deduction, Section 156 rebate up to Rs 60K / Rs 12L. Old regime preserves Section 80C / 80D / HRA. Break-even ~Rs 3.5-4L deductions. Worked examples by income band.

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Section 87A Rebate AY 2026-27: Rs. 60,000 New Regime, Rs. 12,500 Old Regime, Marginal Relief & Capital Gains Exclusion Decoded

Priya Sharma Editorial Team · Apr 26

Income Tax

Section 87A rebate AY 2026-27 (FY 2025-26): Rs. 60,000 up to Rs. 12 lakh new regime per FA 2025, Rs. 12,500 up to Rs. 5 lakh old regime. Marginal relief math, why STCG 111A and LTCG 112A are excluded, and 8 worked examples decoded.

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Form 16 to ITR Filing for Salaried — Step-by-Step Guide for AY 2026-27 (FY 2025-26)

Old vs New Tax Regime for FY 2025-26 / TY 2026-27: Break-Even Math, Section 156 Rebate, and Who Should Pick What Under the Income-tax Act, 2025

Section 87A Rebate AY 2026-27: Rs. 60,000 New Regime, Rs. 12,500 Old Regime, Marginal Relief & Capital Gains Exclusion Decoded

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