INTEREST U/S 424 CALCULATOR

[ Interest for Default in Payment of Advance Tax ]

[ As per Section 424 of the New Income Tax Act 2025 ]
(Equivalent to old Section 234B of the Income Tax Act, 1961)

 

Tax Year

Tax Regime

 New Regime (Default — Tax Year 2026-27) : Basic exemption Rs.4,00,000  |  Rebate u/s 156 : Full tax rebate (max Rs.60,000) if total income ≤ Rs.12,00,000  |  Standard Deduction Rs.75,000 (salaried / pensioners). Enter assessed tax computed under New Regime slabs.
 Old Regime (Optional — Tax Year 2026-27) : Basic exemption Rs.2,50,000 (Others) / Rs.3,00,000 (Sr.) / Rs.5,00,000 (V.Sr.)  |  Rebate u/s 156 : up to Rs.12,500 if total income ≤ Rs.5,00,000  |  Standard Deduction Rs.50,000 (salaried / pensioners). Enter assessed tax computed under Old Regime slabs.
Assessed Tax (Rs.)
[ Tax on total income as per return / assessment order,
after TDS / TCS and Rebate u/s 156, but
before deducting Advance Tax paid ] 		Total Advance Tax Paid (Rs.)
[ Sum of all advance tax instalments actually
paid during FY 2026-27 (up to 31/03/2027) ] 		Date of Filing Return [ DD/MM/YYYY ]
[ Date of Assessment Order, if no return is filed ]
[ Interest period runs from 01/04/2027 to this date ]
  
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