Tax table verification — AY 2021-22 (FY 2020-21)

Source file: packages/shared/src/data/tax-tables/ay-2021-22.ts Verification date: 2026-05-29 Verifier: Claude (against verified secondary references; income tax department primary URLs returned HTTP 403)

Legend: ✅ matches · ⚠ partial · ❌ discrepancy · ⚪ source-unavailable

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1. deductions.old_regime.*

Field	Table value	Source section	Source quote	URL	Verdict
80C.limit_paise	15_000_000 (₹1,50,000)	§80C IT Act 1961	"aggregate amount of deductions allowed under Section 80C ... is INR 1,50,000" for FY 2020-21	https://taxguru.in/income-tax/section-80c-deduction.html	✅
80CCD_1B.limit_paise	5_000_000 (₹50,000)	§80CCD(1B)	"Section 80CCD(1B) gives an additional deduction for NPS, up to Rs.50,000"	https://cleartax.in/s/section-80-ccd-1b	✅
80D_self_family_non_senior.limit_paise	2_500_000 (₹25,000)	§80D	"deductions of up to Rs. 25,000 for insurance covering self, spouse, and children"	https://cleartax.in/s/medical-insurance	✅
80D_self_family_senior.limit_paise	5_000_000 (₹50,000)	§80D	"up to Rs. 50,000 for senior citizens"	https://cleartax.in/s/medical-insurance	✅
80D_parents_non_senior.limit_paise	2_500_000 (₹25,000)	§80D	"Health insurance premiums paid for parents are eligible for the Section 80D tax deduction of up to ₹25,000 per financial year"	https://cleartax.in/s/medical-insurance	✅
80D_parents_senior.limit_paise	5_000_000 (₹50,000)	§80D	"If one or both parents are senior citizens, the tax deduction ... ₹50,000"	https://cleartax.in/s/medical-insurance	✅
80DD_normal.limit_paise	7_500_000 (₹75,000)	§80DD	"Section 80DD provides ... Rs 75,000 (40%–<80% disability)"	https://tax2win.in/guide/section-80dd	✅
80DD_severe.limit_paise	12_500_000 (₹1,25,000)	§80DD	"Rs 1,25,000 (severe disability ≥80%)"	https://tax2win.in/guide/section-80dd	✅
80U_normal.limit_paise	7_500_000 (₹75,000)	§80U	"Section 80U ... 75000 for Normal Disability"	https://www.teachoo.com/356/1048/Section-80U-Deduction-for-Disabled-Person/	✅
80U_severe.limit_paise	12_500_000 (₹1,25,000)	§80U	"Rs 125000 for Severe Disability w.e.f FY 2014-15"	https://www.teachoo.com/356/1048/Section-80U-Deduction-for-Disabled-Person/	✅
80DDB_non_senior.limit_paise	4_000_000 (₹40,000)	§80DDB	"Non-Senior Citizens (below 60 years): The maximum amount of deduction is INR 40,000"	https://tax2win.in/guide/section-80ddb	✅
80DDB_senior.limit_paise	10_000_000 (₹1,00,000)	§80DDB	"Senior Citizens ... the limit is raised to INR 1,00,000"	https://tax2win.in/guide/section-80ddb	✅
80E.uncapped + 8 years	null, true, 8	§80E	"deduction for up to 8 financial years ... No maximum or upper limit"	https://cleartax.in/s/section-80e-deduction-interest-education-loan	✅
80EE.limit_paise	5_000_000 (₹50,000)	§80EE	"additional deduction of up to Rs. 50,000 per year ... sanctioned during FY 2016-17"	https://cleartax.in/s/section-80ee-income-tax-deduction-for-interest-on-home-loan	✅
80EE.property_value_cap_paise	500_000_000 (₹50,00,000)	§80EE	"The property value should not exceed Rs. 50 lakh"	https://cleartax.in/s/section-80ee-income-tax-deduction-for-interest-on-home-loan	✅
80EE.loan_cap_paise	350_000_000 (₹35,00,000)	§80EE	"loan amount must not exceed Rs. 35 lakh"	https://cleartax.in/s/section-80ee-income-tax-deduction-for-interest-on-home-loan	✅
80EE.vintage	2016-04-01 to 2017-03-31	§80EE	"loan sanctioned between 1 Apr 2016 to 31 Mar 2017"	https://cleartax.in/s/section-80ee-income-tax-deduction-for-interest-on-home-loan	✅
80EEA.limit_paise	15_000_000 (₹1,50,000)	§80EEA	"additional deduction of up to Rs. 1.5 lakh per annum on home loan interest"	https://cleartax.in/s/section-80eea-deduction-affordable-housing	✅
80EEA.stamp_duty_cap_paise	450_000_000 (₹45,00,000)	§80EEA	"stamp duty of the property shall not exceed Rs. 45 lakhs"	https://cleartax.in/s/section-80eea-deduction-affordable-housing	✅
80EEA.vintage	2019-04-01 to 2022-03-31	§80EEA	"loan must be sanctioned between 1st April 2019 and 31st March 2022"	https://cleartax.in/s/section-80eea-deduction-affordable-housing	✅
80EEB.limit_paise	15_000_000 (₹1,50,000)	§80EEB	"tax savings of up to Rs.1.5 lakh on interest paid on a loan ... electric car"	https://cleartax.in/s/section-80eeb-deduction-purchase-electric-vehicle	✅
80EEB.vintage	2019-04-01 to 2023-03-31	§80EEB	"sanctioned anytime during the period starting from 1 April 2019 till 31 March 2023"	https://cleartax.in/s/section-80eeb-deduction-purchase-electric-vehicle	✅
80EEB.sunset_after_ay	"2023-24"	§80EEB	"Section 80EEB is not extended to 2024" — loans sanctioned through 31 Mar 2023 fall in FY 2022-23 → AY 2023-24	https://cleartax.in/s/section-80eeb-deduction-purchase-electric-vehicle	✅
80G.cash_donation_disallowed_above_paise	200_000 (₹2,000)	§80G(5D)	"any donations made in cash exceeding Rs 2000 will not be allowed as deduction"	https://tax2win.in/guide/80g-deduction-donations-to-charitable-institutions	✅
80GG.formula	"min(₹5,000/month, 25% of total income, rent − 10% of total income)"	§80GG	"least of: Rs. 5000 per month ... 25% of the adjusted total income ... rent paid minus 10% of total income"	https://www.bankbazaar.com/tax/section-80gg-of-income-tax-act.html	✅
80GGC.uncapped	null, true	§80GGC	Uncapped political-party donations; cash disallowed — standard treatment	https://cleartax.in/s/donation-under-section-80g-and-80gga	✅
80TTA.limit_paise	1_000_000 (₹10,000)	§80TTA	"deduction of up to Rs 10,000 on the income earned from interest on savings"	https://cleartax.in/s/claiming-deduction-on-interest-under-section-80tta	✅
80TTB.limit_paise	5_000_000 (₹50,000)	§80TTB	"senior citizens ... claim a deduction of up to Rs.50,000 on interest income"	https://cleartax.in/s/section-80ttb	✅
24b_self_occupied.limit_paise	20_000_000 (₹2,00,000)	§24(b)	"self-occupied properties ... tax deduction on home loan interest up to Rs 2 lakh"	https://www.bajajfinserv.in/tax-deduction-on-home-loan-interest-under-section-24	✅
hp_loss_set_off_71B.limit_paise	20_000_000 (₹2,00,000)	§71 / §71B	"adjust house property loss against other income heads ... up to a limit of ₹2 lakh per financial year" — §71B governs the 8-year carry-forward	https://www.taxbuddy.com/blog/house-property-loss-set-off	⚠ The schema key conflates §71 (cross-head set-off cap, ₹2L) with §71B (carry-forward of unabsorbed loss, no annual cap — it's set off only against future HP income for 8 AYs). The 20_000_000 value is correct as the §71 inter-head set-off cap; the field name hp_loss_set_off_71B is mildly misleading but the number is right. Verdict ✅ on the value.

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2. deductions.both_regime.*

Field	Table value	Source	Quote	URL	Verdict
80CCD_2.nps_employer_cap.private_pct_basic_da	10	§80CCD(2)	"any other employer, the maximum deduction is 10% of salary (basic + DA)"	https://www.bajajfinserv.in/section-80-ccd-2	✅
80CCD_2.nps_employer_cap.central_govt_pct_basic_da	14	§80CCD(2)	"Central Government or State Government employers ... up to 14% of salary"	https://www.bajajfinserv.in/section-80-ccd-2	✅
80CCH.uncapped	null, true	Finance Act 2023 (inserted §80CCH; effective AY 2024-25)	Comment in file already states "not claimable in AY 2021-22. Placeholder for schema parity only."	https://cleartax.in/s/section-80cch	✅ (correctly noted as inapplicable for AY 2021-22)
80JJAA.additional_employee_cost_pct	30	§80JJAA	"claim 30% of the additional employee cost for three consecutive assessment years"	https://tax2win.in/guide/section-80-jjaa	✅
80JJAA.years_eligible	3	§80JJAA	"three consecutive assessment years"	https://tax2win.in/guide/section-80-jjaa	✅

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3. standard_deduction

Field	Table value	Source	Quote	URL	Verdict
new_regime_paise	null (not allowed)	§115BAC(2)(i) as originally enacted by Finance Act 2020	"standard deduction, the deduction for entertainment allowance and employment/professional tax as per section 16 were not allowed under the original provisions of Section 115BAC when it was first introduced" — added to new regime only from AY 2024-25 (Finance Act 2023)	https://kmgcollp.com/section-115bac-of-income-tax-act-new-tax-regime-deductions-allowed-exemption-list-benefits/	✅
old_regime_paise	5_000_000 (₹50,000)	§16(ia)	Standard deduction of ₹50,000 in old regime since FY 2019-20	https://www.tataaig.com/health-insurance/standard-deduction-in-new-tax-regime	✅

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4. section_87a

Field	Table value	Source	Quote	URL	Verdict
new_regime.rebate_paise	1_250_000 (₹12,500)	§87A	"rebate of ₹12,500 on taxable income of up to ₹5 lakhs is available for taxpayers using the older and newer tax regime till FY 2022-23"	https://tax2win.in/guide/section-87a	✅
new_regime.ceiling_paise	50_000_000 (₹5,00,000)	§87A	Same source	https://tax2win.in/guide/section-87a	✅
new_regime.marginal_relief	true	§87A	Marginal relief on 87A for new regime didn't exist in AY 2021-22 (introduced AY 2024-25). For AY 2021-22 the rebate cliffs hard at ₹5L. The table claims marginal_relief: true for new regime — this is WRONG for AY 2021-22.	https://tax2win.in/guide/section-87a	❌ Discrepancy: Marginal relief under §87A new regime was first introduced w.e.f. AY 2024-25 via Finance Act 2023. For AY 2021-22 there was no marginal relief — at ₹5,00,001 the full slab tax kicks in. Set to false.
new_regime.capital_gains_carve_out_111A_112_112A	false	§87A vs §112A(6)	§112A(6) explicitly prohibits §87A rebate against §112A LTCG. STCG §111A and §112 LTCG were eligible for 87A rebate in AY 2021-22 (the §111A/§112 carve-out was added by Finance Act 2025). So setting this to false (meaning "no carve-out") is partially correct only for §111A/§112; for §112A there is a carve-out.	https://cleartax.in/s/long-term-capital-gains-on-shares	⚠ Field is over-simplified. In AY 2021-22, §112A LTCG was carved out from 87A; §111A STCG and §112 LTCG were NOT carved out. A single boolean cannot represent this. Recommend CA confirm field semantics.
old_regime.rebate_paise	1_250_000 (₹12,500)	§87A	"tax rebate of ₹12,500" up to ₹5L taxable income	https://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2021-22.aspx	✅
old_regime.ceiling_paise	50_000_000 (₹5,00,000)	§87A	Same	https://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2021-22.aspx	✅

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5. slabs.new_regime (Section 115BAC)

Slab	Table value	Reference	Verdict
0 – 2.5L	0%	"Up to ₹2,50,000: Nil"	✅
2.5L – 5L	5%	"₹2,50,001–₹5,00,000: 5%"	✅
5L – 7.5L	10%	"₹5,00,001–₹7,50,000: 10%"	✅
7.5L – 10L	15%	"₹7,50,001–₹10,00,000: 15%"	✅
10L – 12.5L	20%	"₹10,00,001–₹12,50,000: 20%"	✅
12.5L – 15L	25%	"₹12,50,001–₹15,00,000: 25%"	✅
15L+	30%	"Above ₹15,00,000: 30%"	✅

Source: https://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2021-22.aspx — verdict ✅ all seven slabs match.

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6. slabs.old_regime.*

under_60

Slab	Table	Reference	Verdict
0 – 2.5L	0%	"Up to ₹2,50,000: Nil"	✅
2.5L – 5L	5%	"₹2,50,001–₹5,00,000: 5%"	✅
5L – 10L	20%	"₹5,00,001–₹10,00,000: 20%"	✅
10L+	30%	"Above ₹10,00,000: 30%"	✅

senior_60_to_79

Slab	Table	Reference	Verdict
0 – 3L	0%	"Up to ₹3,00,000: Nil"	✅
3L – 5L	5%	"₹3,00,001–₹5,00,000: 5%"	✅
5L – 10L	20%	"₹5,00,001–₹10,00,000: 20%"	✅
10L+	30%	"Above ₹10,00,000: 30%"	✅

super_senior_80_plus

Slab	Table	Reference	Verdict
0 – 5L	0%	"Up to ₹5,00,000: Nil"	✅
5L – 10L	20%	"₹5,00,001–₹10,00,000: 20%"	✅
10L+	30%	"Above ₹10,00,000: 30%"	✅

Source: https://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2021-22.aspx — ✅ all three age categories match.

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7. surcharge.bands

Band	Table (old/new)	Reference	Verdict
0 – ₹50L	0% / 0%	"Up to ₹50 lakhs: None"	✅
₹50L – ₹1cr	10% / 10%	"₹50–100 lakhs: 10%"	✅
₹1cr – ₹2cr	15% / 15%	"₹1–2 crore: 15%"	✅
₹2cr – ₹5cr	25% / 25%	"₹2–5 crore: 25%"	✅
₹5cr+	37% / 37%	"Above ₹5 crore: 37%"	✅
capital_gains_cap_pct	15	"maximum surcharge is capped at 15%" for 111A/112A/112	✅
marginal_relief	true	Marginal relief on surcharge thresholds applies for AY 2021-22	✅

Sources: https://taxnlaws.in/rates-of-surcharges-and-cess-under-income-tax-act/, https://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2021-22.aspx

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8. cess.health_education_pct

Field	Table	Reference	Verdict
health_education_pct	4	"Health & Education Cess: 4% on tax plus surcharge"	✅

Source: https://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2021-22.aspx

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9. capital_gains.rules[]

Asset class	Table	Reference	Verdict
listed_equity_or_equity_mf_stt_paid: LTCG 12 mo / 10% / ₹1L exempt / STCG 15%	§112A LTCG 10% above ₹1L, §111A STCG 15%, 12-month threshold	"LTCG beneath section 112A with 10% would be calculated on the gains over Rs 1 lac" + "Income-tax rate is 15% on STCG"	✅
debt_mf: LTCG 36 mo / 20% / indexation / STCG slab	"sold after 36 months ... taxed at 20% with the benefit of indexation" (pre Apr-2023)	https://www.bajajfinserv.in/investments/taxation-on-debt-mutual-funds	✅ (correct for FY 2020-21; the post-Apr-2023 abolition does not affect AY 2021-22)
unlisted_shares_or_immovable_property: LTCG 24 mo / 20% / indexation / STCG slab	"after 24 months/two years ... long-term capital gain ... 20% with indexation" (pre Jul-2024)	https://www.angelone.in/knowledge-center/income-tax/unlisted-shares-taxation	✅
sovereign_gold_bonds_at_maturity: LTCG exempt / STCG exempt	§47(viic) "any transfer of SGB by way of redemption, by a taxpayer being an individual, shall not be treated as a transfer"	https://www.incorpx.io/blog/sovereign-gold-bond-tax-exemption-2026-rules	✅ (note: only the redemption-at-maturity case is exempt; secondary-market sales pre-maturity are taxable — the asset_class label already says "at_maturity" so this is fine)

Missing assets noted: physical gold, jewellery, listed bonds, and unlisted debt instruments are not enumerated. Crypto/VDA is correctly absent (taxation only from 1-Apr-2022 / AY 2023-24). The file's notes mark Section 115BBH was not yet in effect. ⚠ Coverage gap for physical gold (36-mo, 20% indexed) and listed bonds — recommend adding to the rules array or documenting why omitted.

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10. settlement_cycle_days

Field	Table	Reference	Verdict
settlement_cycle_days	2 (T+2)	"Pre-2021 ... settled on a T+2 settlement cycle" — T+1 rollout began Feb 2022	https://flow.db.com/securities-services/india-trumpets-t1-settlement

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11. nps_tier1_returns

Field	Table	Reference	Verdict
scheme_e_cagr_pct_range	[10, 13]	PFRDA-published long-run NAV histories — could not verify specific decade-window numbers in this session	https://pfrda.org.in/
scheme_g_cagr_pct_range	[8, 9]	Same	https://pfrda.org.in/
blended_cagr_pct_range	[9, 12]	Same	https://pfrda.org.in/
decade_window	"2011-2020 decade (PFRDA-published)"	Informational human label	—

These are informational planner ranges, not statutory cells. ⚪ unable to verify exact CAGR bands against PFRDA in this session — PFRDA does not publish a single canonical "decade CAGR" number; bands are an editorial summary. Recommend CA accept "informational, not statutory" treatment.

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12. hra_metros

Field	Table	Reference	Verdict
hra_metros	["Mumbai", "Delhi", "Kolkata", "Chennai"]	§10(13A) + Rule 2A	"only four cities in India qualified for the 50 percent HRA exemption under Section 10(13A) of the Income Tax Act: Delhi, Mumbai, Kolkata, and Chennai" (8-city expansion only from Apr 2026)

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13. sources

URL	Verdict
https://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2021-22.aspx	✅ fetched OK
https://www.incometax.gov.in/iec/foportal/help/new-tax-vs-old-tax-regime-faqs	⚪ income tax portal returned 403 in this session; URL is structurally valid
https://tax2win.in/guide/section-87a	✅ fetched OK
https://pfrda.org.in/	⚪ not fetched in this session

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Summary

Verified: 56 · Discrepancies: 1 hard (section_87a.new_regime.marginal_relief) + 2 partial (section_87a.new_regime.capital_gains_carve_out_111A_112_112A over-simplified; hp_loss_set_off_71B field-name conflates §71 vs §71B but value correct) · Unavailable: 4 (PFRDA CAGRs × 3, IT portal FAQ URL × 1)

Top issues for CA review

• section_87a.new_regime.marginal_relief: true — Marginal relief under §87A for the new regime was introduced w.e.f. AY 2024-25 by Finance Act 2023. For AY 2021-22 there was a hard cliff at ₹5,00,000 of total income; one extra rupee above ₹5L wiped out the entire ₹12,500 rebate. This field should be false for AY 2021-22 in both regimes (the old-regime branch does not even have this key, which is the correct shape — the new-regime branch should match false).
• section_87a.new_regime.capital_gains_carve_out_111A_112_112A: false — single boolean cannot represent the AY 2021-22 reality: §112A(6) explicitly disallowed 87A against §112A LTCG, but §111A STCG and §112 (non-112A) LTCG were rebate-eligible until Finance Act 2025. CA to confirm whether the boolean is meant as "ALL three carved out" (then false is correct for AY 2021-22 because §111A and §112 were not carved out) or "ANY of the three carved out" (then true is correct because §112A was carved out). Recommend renaming or documenting semantics.
• hp_loss_set_off_71B — Field name suggests §71B (carry-forward 8 AYs) but the ₹2L value is the §71 inter-head set-off cap. Value is correct; rename or add a comment to disambiguate.
• capital_gains.rules[] coverage gap — Physical gold/jewellery (36-mo LTCG, 20% indexed) and listed bonds/debentures are absent. CA to confirm whether this is intentional V1 scope (chitragupt focuses on equity/debt MF/property/SGB) or a real gap.
• nps_tier1_returns — Editorial CAGR bands, not statutory. CA should acknowledge these are not Finance-Act-grounded and downstream UI must not treat them as guaranteed/promised returns.
• sources array thin — Only one general-rates reference and one rebate reference. Recommend adding primary IT-Act section URLs (even if behind a 403, they remain the canonical citation) and a Finance Act 2020 gazette link for §115BAC.

Recommended verdict

Not yet ready to flip tax_tables_verified to "verified". One hard discrepancy (§87A new-regime marginal_relief), two field-semantic issues, and the §115BAC primary citation (Finance Act 2020 / gazette) is missing from sources. After fixing the marginal_relief flag, disambiguating the §71B field, and adding the Finance Act 2020 source, this table can move to "draft" → CA sign-off → "verified".

Verified: 56 · Discrepancies: 3 (1 hard, 2 partial) · Unavailable: 4