India-native entity Foo Falcon Tech Pvt Ltd · CIN U72900KA2022PTC163007 47 engineers paid · Apr 2026 14 US/UK companies on the entity 0 notices since founding 4 yrs on the books 5-day contractual Go-Live SLA $149/employee/month · first month free PF · ESI · S&E across all 28 states + 8 UTs Income Tax Act 2025 · Form 130 ready DPDP Act 2023 · 24-hr breach SLA

India income tax calculator.

Calculate India income tax for FY 2025-26 under the New Regime (default) and the Old Regime (election). TDS slab computation, deductions, and the take-home math Versatile shows on every payslip. Audit-grade, Form 16-traceable.

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4 yrs On the books
47 Engineers paid · Apr 2026
14 US/UK companies on the entity
0 Notices since founding
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Used by 59 companies hiring engineers, designers, and operators in India

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India income tax has two regimes as of FY 2025-26.

India's Income Tax Act offers two parallel tax regimes for salaried employees: a New Regime (default) with lower rates and minimal deductions, and an Old Regime (election) with higher rates but full deduction availability. The employee can choose which regime to use each financial year. Versatile collects the regime election in April every year and computes TDS accordingly. Every payslip shows the regime, the slab applied, and the deduction taken.

New Regime (default FY 2025-26)

Lower slab rates. Standard deduction of ₹75,000. Minimal other deductions. Most senior-band specialists elect this regime.

Old Regime (election)

Higher slab rates but full Section 80C deductions (₹1.5 lakh PF + investments), Section 80D (health insurance), HRA exemption, LTA, etc.

TDS, monthly slab computation

Computed monthly against annualised income. Adjusted at year-end for actual deductions claimed via Form 12BB.

Form 16, by 31 May annually

Versatile generates Form 16 through the TRACES portal and distributes to specialists via the secure portal.

Form 26AS reconciliation, annual

Every specialist can pull Form 26AS from the income tax department; reconciliation with our Form 16 happens annually.

Investment declarations, April-cycle

Versatile collects Form 12BB declarations in April every year, validates for plausibility, and recomputes TDS if needed mid-year.

ItemVersatile handles
Up to ₹3 lakh (New Regime)0% TDS
₹3-7 lakh5% (New) · 5% above ₹2.5 lakh (Old)
₹7-10 lakh10% (New) · 20% (Old)
₹10-12 lakh15% (New) · 30% (Old)
₹12-15 lakh20% (New) · 30% (Old)
Above ₹15 lakh30% (New) · 30% (Old)
Standard deduction₹75,000 (both regimes for salaried)
Section 80C deductions₹1.5 lakh (Old Regime only)

India tax compliance, per payslip.

Regime election handled · TDS slab-wise · Form 16 by 31 May · Form 26AS reconciled

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Questions we hear most.

How does Versatile decide which tax regime to apply?
Each specialist elects their regime in April every financial year via a Form 12BB declaration. New hires elect at onboarding. We default to the New Regime if no election is recorded (per Income Tax Act default rule).
Salaried employees can switch regimes once per financial year for TDS purposes. Versatile updates the regime in the payroll system and re-computes TDS for the remaining months. The final regime at year-end is what flows into Form 16.
Yes, if they elect the Old Regime. The PF contribution Versatile makes (12% of basic) counts toward the ₹1.5 lakh Section 80C ceiling. Additional voluntary investments (ELSS, PPF, NSC) need to be declared via Form 12BB to claim the deduction.
Surcharge applies on income above ₹50 lakh (10%), ₹1 crore (15%), ₹2 crore (25%), and ₹5 crore (37%). The Health and Education Cess of 4% applies on top. Versatile computes the surcharge and cess monthly against annualised income.

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