Company lease perquisite is taxable in both Old and New regime.
This calculator covers salaried individuals under the New Income Tax Act 2025 (effective FY 2026-27). All figures are annual in INR (₹). Your data is never stored or sent anywhere.
Salary Components (Annual)
Total cost to company — for reference only
As per salary slip / choice pay selection
Bonus, PLI, incentives — fully taxable
Balance of choice pay not allocated
Interest, dividends, freelance, rent received, etc.
House Rent (for HRA Exemption — Old Regime Only)
HRA exemption is only available under the Old Tax Regime. If you live in your own house (for which you have a home loan), HRA exemption does NOT apply — skip this section.
Enter HRA received and rent paid above to see exemption calculation.
Perquisites / Taxable Benefits (add to gross income)
₹60,000/yr (<1.6L) or ₹84,000/yr (>1.6L) — auto-calculated if you select leased in Choice Pay
Auto-filled from Choice Pay selection (₹36,000 if company leased, ₹0 if own vehicle)
Flexible / Choice Pay Components
These are tax-free reimbursements or exemptions. Enter the annual amounts you plan to actually claim (within limits). Toggle on only what applies to you.
Up to ₹15,000 p.a. · Credited once a year · COCP / Pluxee
Conveyance Allowance BOTH
Transport to/from office · Max ₹19,200 p.a. (₹1,600/month) · For specially abled: higher limits apply
Fuel & Maintenance — 4-wheeler BOTH
Fuel, service, insurance, accessories · Log sheet mandatory every month · Max ₹2,40,000 p.a.
Fuel & Maintenance — 2-wheeler BOTH
For two-wheeler owners · Log sheet mandatory · Max ₹48,000 p.a. (₹4,000/month)
Travelling Assistance BOTH
Conveyance for travel · Max ₹2,40,000 p.a. · Perquisite auto-calculated based on vehicle type in Step 1
Broadband Reimbursement BOTH
Internet at home · Jio/DEN/Hathway only · Registered in employee name · Up to ₹15,000–₹24,000 p.a.
Old Tax Regime Only
Leave Travel Allowance (LTA) OLD REGIME
Domestic travel · Economy or Business class (if policy allows) · 2 exemptions in 4-year block · Do NOT add if choosing New Regime
Children Education Allowance OLD REGIME
₹3,000/month/child · Max 2 children · Bill proof mandatory · Up to ₹72,000 p.a.
Children Hostel Allowance OLD REGIME
₹9,000/month/child · Max 2 children · Bill proof mandatory · Up to ₹2,16,000 p.a.
Professional Tax (paid by employer) OLD REGIME
State-specific · Typically ₹2,400–₹2,500 p.a.
Deductions — Old Tax Regime (80C, 80D, etc.)
These deductions only apply under the Old Tax Regime. They are NOT available in the New Tax Regime (except NPS employer contribution and let-out property interest).
Disclaimer: This calculator is for planning purposes only. Always verify with the official Income Tax Department calculator and consult a tax professional for exact liability. Figures based on New Income Tax Act 2025, effective April 1, 2026.