Fact-check notes
Last fact-checked: 2026-05-27
Transition rule: AY 2026-27 covers FY 2025-26 and continues under the Income-tax Act, 1961. The Income-tax Act 2025 Tax Year language applies for income earned from 1 April 2026 onward.
This Batch 12 page avoids treating future-dated payroll/form/rule changes as final filing advice. Verify the active form, notification, payroll circular or portal utility before implementation.
What this covers
Salaried taxpayers should separate salary exemptions from deductions. AY 2026-27 uses old Act references; Tax Year 2026-27 may use new section placement.
- HRA and LTA need regime-specific checks.
- Gratuity and retirement exemptions are not Chapter VIII deductions.
- Allowance exemptions require employer structuring and proof.
Who this is for
- Employee reviewing salary slip.
- HR team revising CTC.
- CA preparing ITR checklist.
- High-income employee comparing regimes.
Documents and data to verify
- Salary breakup.
- Allowance proof.
- Rent/travel/education/medical documents.
- Form 16.
Common mistakes to avoid
- Claiming unstructured allowances.
- No receipts.
- Confusing exemption with deduction.
- Applying new Tax Year limits to FY 2025-26 without proof.
How to proceed
- Confirm the applicable year, taxpayer type, form, state and portal status before acting.
- Reconcile portal data with payslips, books, invoices, Form 16/26AS/AIS, GST returns, EPFO records or contracts.
- Prepare a written computation, filing note, checklist or response with assumptions clearly stated.
- Download acknowledgements, challans, workings and evidence after filing or submission.
FAQs
Can WorkIndex help with this?
Yes. Post the facts and documents; relevant experts can quote for filing, advisory, reconciliation, registration, appeal support or ongoing compliance.
Is this page final legal advice?
No. Use it to prepare. A professional should verify the active law year, notification, portal utility and records before filing or taking a tax position.
What should I mention while posting?
Mention the year, state, form, deadline, amount involved, documents available, portal status and whether you need filing, correction, advisory or representation.