Document Overlap
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First documentIncome Tax Calculator FY 2026-27: New vs Old RegimeOpen original ↗
A-163
Second documentIncome From Salary Explained: Components, Calculation, AllowancesOpen original ↗
Low overlap
Top paragraph overlap
78.8%Page comparison
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Strongest non-zero match for each paragraph.
First paragraph39 words
Example of Tax Calculation Under New and Old Tax RegimeS
Section 80EE: Interest payable on loan taken up to ₹35 Lakhs by the taxpayer from any financial institution, sanctioned during the FY 2016-17, for the acquisition of a residential house property whose value doesn’t exceed ₹50 Lakhs.
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Second paragraph133 words
Tax Saving Options for Salaried Professionals
Tax Benefits on Home Loans: Purchasing a home using a loan can help you avail significant tax benefits under different sections of the Income Tax Act. Under Section 80C, you can claim a deduction of up to ₹1.5 lakh per financial year on the principal repayment of your home loan. Additionally, under Section 24(b) , you can claim a deduction of up to ₹2 lakh per financial year on the interest paid on a home loan if the property is self-occupied. If the house is rented out, the entire interest amount can be deducted from rental income. Moreover, first-time homebuyers can avail an additional deduction of up to ₹50,000 under Section 80EE if the loan amount does not exceed ₹35 lakh and the property's value is under ₹50 lakh.
First paragraph46 words
2) Income Tax Calculation New Regime Slabs:
While the new tax regime has lower tax rates for higher income brackets, it offers no scope for exemptions and deductions. The taxpayer cannot claim benefits like the standard deduction, HRA, or Section 80C deductions, which may limit the overall savings for those with considerable deductions.
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Second paragraph62 words
Step 5: Select the Tax Regime:
The government provides two tax regimes : the Old Tax Regime and the New Tax Regime. The Old Tax Regime allows you to claim deductions under 80C, 80D, HRA, and more. The New Tax Regime offers lower slab rates but does not permit any deductions or exemptions. It is advisable to compare both regimes and choose the one that minimises your tax liability.