Income Tax Planner — Tax Year 2026-27

What it does

Inputs has one column per person: profile, salary and allowances, house property, interest, dividends, business income, capital gains, investments and deductions, and tax already deducted or paid. Computation then works out each person’s tax under both regimes, line by line: gross total income, the HRA exemption with the eight-city rule, the standard deduction, deductions under the old regime, tax at slab rates, capital gains at their special rates with the basic-exemption adjustment, the rebate with marginal relief — which does not reach tax on capital gains at special rates — and cess. The Dashboard picks a person and states the better regime, the saving, the balance payable after TDS, TCS and advance tax, and the next instalment. Regime Planner shows, for every person at once, how much room is left in the old-regime baskets and what the old-regime tax would be with ₹25,000, ₹50,000 or ₹1,00,000 more in deductions. Advance Tax lays out the instalments due on 15 June, 15 September, 15 December and 15 March with what has been paid, the shortfall and an interest estimate. Key Dates lists the year’s deadlines; Section Map finds the new section for an old one; Rates & Rules holds every slab, limit and rate with its section and source, editable.

Who it’s for

• Salaried employees choosing a regime for tax year 2026-27, with their employer or in their return.
• Families who plan tax together and want each person’s answer side by side.
• Freelancers and consultants who pay advance tax and need the instalments worked out.

Fields included

How to use it

1. On Inputs, fill one column per person — profile, income under each head, investments and deductions, and tax already deducted.
2. Pick a person on the Dashboard to see both regimes, the better one and the saving.
3. Open Computation to follow the tax line by line and check each figure.
4. Use Regime Planner to see whether more deductions would change anyone’s answer.
5. Take the instalments and dates from Advance Tax, and record payments as you make them.

Preview

Example workflow

The EXAMPLE file plans a fictional family of four. For the main earner, whose income under the better regime is ₹23,80,000, the old regime would cost ₹3,20,169 and the new one ₹2,67,410, so the new regime saves ₹52,759 a year even after giving up ₹3,24,000 of HRA exemption and ₹2,67,000 of deductions. After TDS the balance payable is ₹74,410, which makes advance tax compulsory, and the next instalment is ₹55,808 by 15 December 2026. The Regime Planner puts all four side by side: the new regime is better for each of them, by ₹44,720 for one and by ₹1,29,979 for another, and the what-if rows show that even ₹1,00,000 of extra deductions would not reverse the answer for anyone in this family.

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