I am a little confused about the calculations of income tax in view of the tax proposals under the new regime. I am also a senior citizen. For FY26, I will be having the following incomes: Pension amount – ₹6.2 lakh; Interest income – ₹3.8 lakh; (-) Standard deduction – ₹75,000; long-term capital gain (LTCG) – ₹2.4 lakh; short-term capital gain (STCG) – ₹2 lakh.
Kindly calculate my tax liability.
Brij Lal Dhiman
Based on the details provided, the tax liability is calculated as below. We have assumed that the LTCG/STCG is covered under section 112A / 111A respectively and the sale is expected to happen in FY26:
The writer is Partner, Deloitte India
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Published on April 5, 2025
