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Income Tax

File your ITR with confidence.

Whether you're a salaried employee, business owner, or investor — we support every income type and ITR form. Let AI do the heavy lifting; your CA adds the final touch.

Everything you need

  • All ITR forms: ITR-1 through ITR-7
  • AIS / 26AS / Form 16 AI extraction
  • Old vs New tax regime comparison
  • Capital gains — equity, debt, property
  • F&O and intra-day trading income
  • HRA, home loan and 80C deductions
  • Notice assistance and rectification
  • e-Verification (Net Banking / Aadhaar OTP)

AI-powered data extraction

Our AI reads Form 16, AIS, and 26AS to pre-populate your return — no manual entry.

Regime comparison

See your tax liability under old and new regime side-by-side before your CA files.

Document vault included

All uploaded documents are stored securely for 7 years — accessible anytime.

How it works

1

Upload your documents

Form 16, AIS, 26AS, bank statements — our AI extracts and pre-fills your return.

2

Review with your CA

Your dedicated CA reviews the draft, applies all eligible deductions, and confirms the figures.

3

e-File & verify

We file directly with the Income Tax portal and generate confirmation within minutes.

Reference Guide

Permitted Deductions under the Income Tax Act

A complete reference of all deductions available for FY 2025-26 (AY 2026-27). Filter by regime, taxpayer type, or category to find what applies to you.

Permitted Deductions(FY 2025-26 / AY 2026-27)

62 of 62 deductions shown — Income Tax Act, 1961 & Finance Act 2025

Tax Regime

Taxpayer Profile

Category

16(ia)

Standard Deduction — Old Regime

Old Regime

Flat deduction from gross salary income. No investment or proof required. Available to all salaried employees and pensioners.

₹50,000 per year

16(ia)

Standard Deduction — New Regime

New Regime

Flat deduction from gross salary income in the new tax regime. Increased from ₹50,000 to ₹75,000 from AY 2025-26 (Budget 2024).

₹75,000 per year

16(ii)

Entertainment Allowance

Old Regime

Deduction for entertainment allowance received. Least of: actual allowance, ₹5,000, or 20% of basic salary. Only available to government employees.

Least of: actual, ₹5,000, or 20% of basic salary

16(iii)

Professional Tax

Old Regime

Deduction for professional tax (also called employment tax) paid to state government, deducted by employer or paid directly by employee.

Actual amount paid (max ₹2,500 per year)

10(13A) r/w Rule 2A

House Rent Allowance (HRA)

Old Regime

Exemption on HRA received from employer. Exempt amount is the least of: (a) actual HRA received, (b) 50% of [basic + DA] for metro / 40% for non-metro, (c) actual rent paid minus 10% of [basic + DA]. Metro cities: Mumbai, Delhi, Chennai, Kolkata.

Least of: actual HRA, 50%/40% of salary, rent paid − 10% of salary

10(5)

Leave Travel Allowance (LTA)

Old Regime

Exemption on actual travel cost for domestic travel (air, rail, road) for self and family, for 2 journeys within a block of 4 calendar years. Current block: 2022–2025. Only travel cost exempt — no hotel, food, etc.

Actual travel cost (economy class air / AC 1st class rail)

10(14)(i)

Children's Education & Hostel Allowance

Old Regime

Children's education allowance: ₹100 per month per child (max 2 children). Hostel expenditure allowance: ₹300 per month per child (max 2 children).

₹100/month (education) + ₹300/month (hostel) — per child, max 2 children

10(10)

Gratuity

Both Regimes

Gratuity received at retirement/resignation is exempt up to: Govt employees — fully exempt. Non-govt (Gratuity Act) — least of actual, 15/26 × salary × years, ₹20L. Non-govt (no Gratuity Act) — least of actual, 1/2 × salary × years, ₹20L.

Up to ₹20,00,000 (non-govt employees)

10(10A)

Commuted Pension

Both Regimes

Lump sum received in lieu of periodic pension (commutation). Govt employees: fully exempt. Non-govt with gratuity: 1/3 of total commuted pension exempt. Non-govt without gratuity: 1/2 of total commuted pension exempt.

Fully exempt (govt) / 1/3 or 1/2 (non-govt)

10(10AA)

Leave Encashment at Retirement

Both Regimes

Amount received at retirement or resignation for unavailed leave. Govt employees: fully exempt. Non-govt employees: exempt up to ₹25,00,000 (enhanced in Budget 2023).

₹25,00,000 (non-govt) / Fully exempt (govt)

10(10C)

Voluntary Retirement Scheme (VRS)

Both Regimes

Compensation received on voluntary retirement from a public sector undertaking, statutory authority, or specified companies, subject to conditions under Rule 2BA.

Up to ₹5,00,000

Data as per Income Tax Act 1961 & Finance Act 2025. Limits applicable for FY 2025-26 (AY 2026-27). Always verify with your CA before filing. Not legal advice.

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Which ITR form is right for you?

Select your taxpayer type and income sources — we'll identify the applicable form instantly, as per IT Act 2025 & AY 2026-27.

Taxpayer type

Income sources (select all that apply)

Recommended form

ITR-1

(Sahaj)

Resident individual — salary/pension + one house property + other sources · income ≤ ₹50 lakh

Rule 12(1)(a)

Service Charge

One flat, CA-managed Service Charge per return — AI document extraction and ERI e-filing included. Prices exclusive of 18% GST.

Individuals & HUFITR-1 · ITR-2 · ITR-3 · ITR-4

FormApplicable For
Service Charge
+18% GST

ITR-1 (Sahaj)

Resident salaried individual / pensioner. Income ≤ ₹50L, one house property, no business income or foreign assets.

₹1,499

ITR-2

Individuals/HUF with capital gains, multiple house properties, foreign assets/income, or salary > ₹50L. No business income.

₹3,999

ITR-3

Individuals/HUF with business or profession income (PGBP) including F&O traders, freelancers, doctors, CAs. Covers all ITR-2 heads too.

₹4,499

ITR-4 (Sugam)

Individuals/HUF/firms opting for presumptive income: business u/s 44AD (≤ ₹2 Cr), profession u/s 44ADA (≤ ₹75L), or goods carriages 44AE.

₹4,499

Business EntitiesITR-5 · ITR-6 · ITR-7

FormApplicable For
Service Charge
+18% GST

ITR-5

Partnership firms, LLPs, AOPs, BOIs, and artificial juridical persons. Not for individuals, HUFs, or companies.

₹4,999

ITR-6

All companies (Private Ltd, Public, OPC) except those claiming S.11 charitable exemption. Requires statutory audit and CA certification.

₹7,999

ITR-7

Charitable/religious trusts (12A/12AB), political parties, research associations, universities, and business trusts u/s 139(4A)–(4F).

₹7,999

Razorpay secured payment · UPI, credit/debit card, net banking · GST invoice issued

Step-by-step filing process

1

Select ITR form

You

Choose ITR-1 through ITR-7 based on your income type and entity.

2

Pay service fee

You

Pay via Razorpay (card / UPI / net banking) — GST invoice issued instantly.

3

Upload documents

You

Upload Form 16, AIS, 26AS in your workspace — your dedicated CA is notified immediately.

4

AI document extraction

AI

Claude AI pre-fills income, TDS, and employer details from your documents.

5

CA reviews & enters data

CA / Firm

Dedicated CA verifies figures, checks all deductions, selects optimal regime.

6

Computation & tax optimisation

CA / Firm

CA finalises gross income, maximises deductions, and selects the best tax regime.

7

Approve computation

You

Review in your workspace; approve or request revisions from the CA.

8

CA files ITR via ERI

CA / Firm

ERI Type-2 submission to Income Tax portal on your behalf.

9

CA e-Verifies for you

CA / Firm

EVC or Aadhaar OTP-based verification (with your authorisation).

10

Download ITR-V

You

Available in My Returns in your workspace within minutes.

Documents required

Select your ITR form to see the applicable document checklist. Documents can be uploaded directly after sign-up.

ITR-1 (Sahaj)

Salaried employees & pensioners · income ≤ ₹50 lakh

Common documents for ITR-1

  • Form 16 / Salary certificate (Part A & B)
  • Annual Information Statement (AIS) and 26AS
  • Bank statements for all accounts
  • Investment proofs — 80C, 80D, 80G, home loan

Sign up to see the complete, form-specific checklist with upload slots.

Ready to upload these documents and file your return?

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Income Tax / ITR Filing — CA-Managed, AI-Assisted | Olive TaxPro