Tax
PAN AUFPV4052L · New Tax Regime
AY 2025-26 filing
ITR-2
Filed 2025-08-25
Gross Salary
₹9,36,883
Std deduction ₹75,000
Tax Liability
₹37,771
Rate 4.03% on gross salary (₹37,771 / ₹9,36,883)
Refund Received
₹22,470
2025-10-19
Computation breakdown
| Gross salary | ₹9,36,883 |
| – Standard deduction 16(ia) | −₹75,000 |
| Net salary income | ₹8,61,883 |
| + Other source income | ₹1,108 |
| + Capital gains | ₹117 |
| Total taxable | ₹8,63,108 |
| Tax at normal rates | ₹36,311 |
| Education cess (4%) | ₹1,453 |
| Gross tax liability | ₹37,771 |
| – TDS paid | −₹60,239 |
| Refund | ₹22,470 |
Observations
- new regime: Filed under New Tax Regime - no 80C/80D deductions claimed
- standard deduction: ₹75,000 standard deduction applied (new regime benefit)
- tds excess: TDS of ₹60,239 was higher than tax liability of ₹37,771 - resulted in ₹22,470 refund
- no hra claimed: No HRA exemption claimed despite paying rent (govt employee - may get HRA in salary)
- no chapter via: Zero deductions under Chapter VIA (expected in new regime)
- capital gains minimal: Only ₹117 STCG + ₹24 special rate income - very small trading activity
- effective tax rate: 4.03% on gross salary (₹37,771 / ₹9,36,883)