01
Taxpayer & year
These drive your slab rates, surcharge cap and whether the indexation choice on immovable property is even open to you - get this right first.
Used to find your slab, surcharge bracket and any unused basic exemption limit.
02
Select the capital asset
Every asset class except equity shares and residential house property. Pick the one you're computing - the working paper below adapts automatically.
Methodology & professional-judgment notes
- Built for Tax Year 2026-27 (AY 2026-27 / FY 2025-26) on the rate and holding-period structure introduced by the Finance (No. 2) Act, 2024 and continued into the Income-tax Act, 2025. Section numbers are shown as Old Act (1961) → New Act (2025) where the CBDT concordance is settled; where a precise new clause has not been publicly confirmed, the tool cites the old section and flags it for verification against the CBDT's official mapping before filing.
- Rebate under Section 87A (old §87A / new §157) is applied only against tax on slab-rate income. It is not applied against LTCG taxed under Section 112A (new §198) by express statutory bar, and is treated conservatively (not applied) against other special-rate capital gains given the unsettled portal/CBDT position - override this manually if your matter is on firmer ground.
- The 20%-with-indexation vs 12.5%-without-indexation choice is offered only where the law actually grants it: resident individuals/HUFs, land or building acquired before 23 July 2024.
- This tool supports, and does not substitute, professional judgment. Verify final positions against the Income-tax Act, 2025, the annual Finance Act, and current CBDT circulars before advising a client or filing a return.