India's Smartest
Tax Calculator
Form 130 ready · Old vs New Regime · Refund Estimator · Deduction Maximizer · Completely Free
| Feature | Old Regime | New Regime |
|---|---|---|
| Standard Deduction | ₹50,000 | ₹75,000 |
| 80C Benefit | ✅ Yes (₹1.5L) | ❌ No |
| HRA Exemption | ✅ Yes | ❌ No |
| NPS 80CCD(1B) | ✅ Yes (₹50K) | ❌ No |
| Home Loan Interest | ✅ Yes (₹2L) | ❌ No |
| Tax-Free Limit | ₹2.5 Lakh | ₹4 Lakh (rebate up to ₹12L) |
| Best For | High deductions (₹3L+) | Lower deductions / simplicity |
Part A — Employer & Employee Details
Contains your employer's TAN, PAN, name, address, assessment year, and your own PAN and employee details. This part is auto-generated by TRACES (TIN website).
Part B — Salary Breakup & TDS Summary
Shows your gross salary, allowances, perquisites, profits in lieu of salary, and total TDS deducted quarter-by-quarter. Verify this matches your payslips.
Part C — Tax Computation Details
New in Form 130! Shows the complete computation of your taxable income, deductions claimed (or not claimed in new regime), tax payable, rebate applied, and final TDS credit. This is the most important part for filing ITR.
Collect Form 130 from Employer
Your employer must issue Form 130 by 15th June 2026. Check your company HR portal or request it by email. It will be digitally signed.
Verify on TRACES / AIS
Log in to incometax.gov.in → Annual Information Statement (AIS) → Verify your TDS credit matches Form 130 Part B. Any mismatch must be resolved before filing.
Use Form 130 Data in This Calculator
Enter your gross salary from Part B and TDS from Part B into the ITR Calculator above to instantly see your refund or tax due.
File ITR Before 31st July 2026
Log in to incometax.gov.in → File ITR → Choose ITR-1 (for salaried). Pre-filled data from Form 130 will auto-populate. Verify and submit. Late filing penalty: ₹5,000 (₹1,000 if income < ₹5L).
| Aspect | Old Form 16 | New Form 130 |
|---|---|---|
| Name | Form 16 | Form 130 |
| Parts | Part A + Part B | Part A + Part B + Part C |
| Tax Computation | In Part B | Separate Part C (more detailed) |
| Regime Disclosure | Not explicit | Clearly states Old/New Regime |
| Mismatch Risk | High | Reduced (auto-matched with AIS) |
| Digital Signature | Optional | Mandatory |
| Income Range | Rate |
|---|---|
| Up to ₹4,00,000 | 0% |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
+ 4% Health & Education Cess on total tax. Rebate u/s 87A: Full tax rebate if income ≤ ₹12L (New Regime).
| Income Range | Rate |
|---|---|
| Up to ₹2,50,000 | 0% |
| ₹2.5L – ₹5L | 5% |
| ₹5L – ₹10L | 20% |
| Above ₹10L | 30% |
+ 4% Health & Education Cess. Rebate u/s 87A: Up to ₹12,500 if taxable income ≤ ₹5L (Old Regime).
| Income | Surcharge |
|---|---|
| Up to ₹50 Lakh | Nil |
| ₹50L – ₹1 Crore | 10% |
| ₹1 Cr – ₹2 Cr | 15% |
| ₹2 Cr – ₹5 Cr | 25% |
| Above ₹5 Cr | 37% (Old) / 25% (New) |