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🤖 Smart Tax Assistant

Ask a common Indian tax question, get an instant answer

ℹ️ This tool uses a rule-based decision engine covering common tax scenarios. It is not a live AI/LLM. For complex or personal situations, consult a Chartered Accountant.
👋 Hi! I can help with common Indian income tax questions — regime choice, HRA, 80C deductions, capital gains, and ITR forms. Try a quick question below, or type your own.

What This Tool Can Help With

The Smart Tax Assistant covers India's current Tax Year 2026-27 rules and the transition from FY 2025-26 / AY 2026-27: choosing between the old and new tax regime, understanding HRA exemption, Section 80C and other deductions, capital gains tax on equity and property, which ITR form applies to your situation, and key filing deadlines.

What It Cannot Do

This tool does not access your actual financial records, file returns on your behalf, or provide advice for complex situations like foreign income, business/professional income with audit requirements, or tax notices. For these, please consult a Chartered Accountant.

For exact numbers based on your income, use our Income Tax Calculator, Old vs New Regime Comparison, or HRA Calculator directly.

What Can You Ask This Tax Advisor?

This rule-based tax assistant is designed around India's Tax Year 2026-27 framework under the Income Tax Act, 2025, while retaining historical FY 2025-26 / AY 2026-27 context where filing questions require it. It's designed to answer the practical questions that come up when you're preparing your ITR or planning your taxes — not just definitions, but real decisions.

Regime Choice Questions

The most common question: "Which regime should I choose — Old or New?" The answer depends on your tax year, eligible deductions and other inputs. Use the dedicated current-year calculator for the numerical comparison and verify the applicable law before filing.

Deductions and Exemptions

80C, 80D, HRA, 80CCD(1B), Section 24 home loan interest — this advisor explains what qualifies, what the limits are, and how to claim each one correctly. A common question: "Can I claim both 80C and NPS separately?" (Yes — 80C covers up to ₹1.5L, while NPS gets an additional ₹50,000 under 80CCD(1B).)

Capital Gains Tax

Equity, debt mutual funds, real estate, gold — each has different holding periods and tax rates. Ask about your specific situation: "I sold equity mutual funds after 18 months — what's my tax rate?" or "I sold a flat I owned for 6 years — does indexation apply?"

ITR Forms and Filing

ITR-1 vs ITR-2 vs ITR-3 vs ITR-4 — many people file the wrong form. Ask which form applies to your income profile. Also covers filing deadlines, late fee under Section 234F, and how to claim TDS refunds.

What It Cannot Do

This tool provides general guidance based on publicly available tax rules. It is not a substitute for a qualified chartered accountant for complex situations — business income with multiple streams, international taxation, tax disputes, or situations involving significant amounts. For anything high-stakes, always verify with a CA before filing.

Sample questions to try:
• "I earn ₹12 lakh salary. Should I choose old or new regime?"
• "Can I claim HRA if I live in a rented house but my parents own a house in the same city?"
• "What was the original ITR due date for FY 2025-26?"
• "I have LTCG from equity mutual funds of ₹1.8 lakh. How much tax do I pay?"
🔄 Last Updated: September 2026 · Rule year is shown where relevant; verify source-linked rules before filing or payment