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tax-table-verification-ay-2022-23

Synthesiscanonicalverified 2026-05-29

SYNTHESIS.TAX-TABLE-VERIFICATION-AY-2022-23

AY 2022-23 (FY 2021-22) — Tax-table verification

Source file: packages/shared/src/data/tax-tables/ay-2022-23.ts Schema: packages/shared/src/data/tax-tables/schema.ts Status at audit start: draft (Launch Blocker #1) Verified date: 2026-05-29 Verifier: automated cell-by-cell against secondary sources (incometaxindia.gov.in returned HTTP 403 during this audit — fallback to industry trackers + statutory cross-quotes).

Legend: ✅ confirmed · ⚠ confirmed with caveat / weak primary source · ❌ discrepancy with source · ⚪ source unreachable.

1. deductions.old_regime

80C — limit_paise: 15_000_000 (₹1,50,000)

  • Source: §80C / §80CCE IT Act 1961 (Finance Act 2014 raised to ₹1.5L; unchanged AY 2022-23).
  • Quote: "Section 80C is one of the most popular tax saving deductions, allowing both individuals and HUFs to claim up to Rs. 1.5 lakh deduction per financial year."
  • URL: https://tax2win.in/guide/deductions (search confirmation)
  • Verdict: ✅

80CCD(1B) — limit_paise: 5_000_000 (₹50,000)

80D self/family non-senior — limit_paise: 2_500_000 (₹25,000)

  • Source: §80D IT Act 1961.
  • Quote: "Section 80D offers a tax deduction of up to ₹25,000 per financial year on medical insurance premiums for non-senior citizens"
  • Verdict: ✅

80D self/family senior — limit_paise: 5_000_000 (₹50,000)

  • Source: §80D (Finance Act 2018 — Rs 50K for senior; in force AY 2022-23).
  • Quote: "₹50,000 for senior citizens"
  • Verdict: ✅

80D parents non-senior — limit_paise: 2_500_000 (₹25,000)

  • Source: §80D.
  • Quote: "₹25,000 (or up to INR 1,00,000 in case both assessee and parents are senior citizens)"
  • Verdict: ✅

80D parents senior — limit_paise: 5_000_000 (₹50,000)

  • Source: §80D.
  • Quote: "For parents who are senior citizens, the deduction allowed under Section 80D should be Rs. 50,000"
  • Verdict: ✅

Preventive health checkup ≤ ₹5,000 within the bucket — confirmed: "A ₹5,000 deduction limit is also allowed for any expenses paid towards preventive health check-ups. This deduction of Rs. 5000 is not in addition to the deduction of Rs. 25,000/Rs 30,000/Rs. 50,000 stated above but is included in the above deduction." ✅

80DD normal — limit_paise: 7_500_000 (₹75,000)

80DD severe — limit_paise: 12_500_000 (₹1,25,000)

  • Source: §80DD.
  • Quote: "Rs 1.25 lakh (severe disability)"
  • Verdict: ✅

80U normal — limit_paise: 7_500_000 (₹75,000)

  • Source: §80U.
  • Quote: "Rs 75,000 (normal disability)"
  • Verdict: ✅

80U severe — limit_paise: 12_500_000 (₹1,25,000)

  • Source: §80U.
  • Quote: "Rs.1.25 lakh (severe disability)"
  • Verdict: ✅

80DDB non-senior — limit_paise: 4_000_000 (₹40,000)

80DDB senior — limit_paise: 10_000_000 (₹1,00,000)

  • Source: §80DDB (Finance Act 2018; unchanged).
  • Quote: "For senior citizens (60 years or more but less than 80 years) the limit is raised to INR 1,00,000"
  • Verdict: ✅

80E — uncapped, 8-year window

  • Source: §80E IT Act 1961.
  • Quote: "There is no specified upper limit for this deduction; the entire interest paid on an eligible education loan can be claimed." + "It can be claimed for a maximum of eight years, beginning from the year interest repayment starts"
  • URL: https://cleartax.in/s/section-80e-deduction-interest-education-loan (search)
  • Verdict: ✅

80EE — limit_paise: 5_000_000 (₹50,000); property ≤ ₹50L; loan ≤ ₹35L; vintage 2016-04-01 → 2017-03-31

  • Source: §80EE.
  • Quote: "For home loans taken out during 1 April 2016 to 31 March 2017, a tax deduction of up to Rs.50,000 is available... The sanctioned loan amount must not exceed ₹35 Lakh, and the total value of the residential property should not exceed ₹50 Lakh."
  • Verdict: ✅

80EEA — limit_paise: 15_000_000 (₹1,50,000); stamp duty ≤ ₹45L; vintage 2019-04-01 → 2022-03-31

  • Source: §80EEA.
  • Quote: "The loan must be sanctioned between 1st April 2019 and 31st March 2022... The stamp duty of the property shall not exceed Rs. 45 lakhs... deduction of upto Rs.1,50,000"
  • Verdict: ✅

80EEB — limit_paise: 15_000_000 (₹1,50,000); vintage 2019-04-01 → 2023-03-31; sunset_after_ay "2023-24"

  • Source: §80EEB IT Act 1961.
  • Quote: "The deduction shall not exceed one lakh and fifty thousand rupees (₹1.5 lakh)... The loan must be sanctioned by the financial institution during the period beginning on the 1st day of April, 2019 and ending on the 31st day of March, 2023."
  • Verdict: ✅ — vintage fully active throughout FY 2021-22.

80G — cash_donation_disallowed_above_paise: 200_000 (₹2,000)

  • Source: §80G(5D) (Finance Act 2017 reduced cash limit from ₹10K to ₹2K).
  • Quote: "No tax benefit for cash donations exceeding Rs 2000 shall be allowed to the taxpayer."
  • Verdict: ✅

80GG — formula "min(₹5,000/month, 25% of total income, rent − 10% of total income)"

  • Source: §80GG + Rule 11B.
  • Quote: "The deduction is the least of ₹5,000 per month, 25% of total income, or actual rent paid minus 10% of total income."
  • Verdict: ✅

80GGC — uncapped

  • Source: §80GGC IT Act 1961.
  • Verdict: ✅ (uncapped statutory deduction for non-cash political-party contributions; cash explicitly disallowed by §80GGC proviso).

80TTA — limit_paise: 1_000_000 (₹10,000)

  • Source: §80TTA.
  • Quote: "Rs. 10,000 on interest earned from savings accounts"
  • Verdict: ✅

80TTB — limit_paise: 5_000_000 (₹50,000)

  • Source: §80TTB (Finance Act 2018; unchanged AY 2022-23).
  • Quote: "Rs. 50,000 on interest income from bank or post office deposits"
  • Verdict: ✅

24(b) self-occupied — limit_paise: 20_000_000 (₹2,00,000)

  • Source: §24(b) IT Act 1961.
  • Quote: "For self-occupied properties, you can claim a tax deduction on the interest paid towards your home loan up to Rs 2 lakh each year under section 24b."
  • Verdict: ✅. Notes correctly identify let-out is uncapped and pre-construction interest amortised in 5 EMIs.

hp_loss_set_off_71B — limit_paise: 20_000_000 (₹2,00,000)

  • Source: §71B / §71 IT Act 1961 (Finance Act 2017 cap; in force AY 2018-19 onwards).
  • Quote: "Under Section 71, only up to INR 2 lakhs of such loss can be set off against other heads of income in a financial year; any remaining loss can be carried forward for up to eight years."
  • Verdict: ✅

2. deductions.both_regime

80CCD(2) — private 10%, central govt 14%

  • Source: §80CCD(2) IT Act 1961.
  • Quote: "Under the old tax regime, employers can contribute up to 10% of salary for private sector employees... For Central Government employees: A maximum deduction of 14% of their salary (basic + DA) can be claimed."
  • URL: https://cleartax.in/s/section-80ccd (search)
  • Verdict: ✅ — 14% private uplift was Finance Act 2024 (effective AY 2025-26 new regime only); for AY 2022-23 the 10% private cap is correct.

80CCH (Agniveer) — placeholder, uncapped, not claimable AY 2022-23

  • Source: §80CCH inserted by Finance Act 2023, effective AY 2024-25.
  • Quote: "Section 80CCH was introduced in the Finance Act 2023 into the Income Tax Act 1961... applicable with effect from Assessment year 2024-25."
  • Verdict: ✅ — schema-parity placeholder correctly flagged in notes. Mode 1 should reject claims for AY 2022-23.

80JJAA — 30%, 3 years

  • Source: §80JJAA IT Act 1961.
  • Quote: "Section 80JJAA allows a deduction of 30% on employee recruitment costs incurred for three consecutive assessment years."
  • Verdict: ✅

3. standard_deduction

new_regime_paise: null

  • Source: §115BAC (pre-Finance-Act-2023 form).
  • Quote: "The new regime offers a Standard Deduction of ₹50,000 for salary income, which can be applied to income earned during the FY 2023-24 and to the following years as well." — i.e. NOT before FY 2023-24 / AY 2024-25.
  • URL: https://tax2win.in/guide/standard-deduction-salary
  • Verdict: ✅ — no std ded in new regime for AY 2022-23.

old_regime_paise: 5_000_000 (₹50,000)

  • Source: §16(ia) IT Act 1961 (Finance Act 2019 raised from ₹40K to ₹50K).
  • Verdict: ✅

4. section_87a

new_regime: rebate ₹12,500, ceiling ₹5,00,000

  • Quote: "For FY 2021-22 (AY 2022-23) and FY 2022-23 (AY 2023-24), the threshold limit is Rs. 5.00 lacs. Under both old and new income tax regimes, resident individuals with a taxable income within Rs. 5.00 lacs can claim a rebate u s 87A up to Rs. 12,500/-"
  • Verdict: ✅ on rebate amount and ceiling.

new_regime.marginal_relief: true — ❌ DISCREPANCY

  • Source: Finance Act 2023 introduced 87A marginal relief in new regime effective AY 2024-25 only.
  • Quote: "Marginal relief is available in case of New Tax Regime if the income exceed Rs 7 lakhs from FY 2023-24 and Rs 12 lakhs from FY 2025-26."
  • What table says: marginal_relief: true.
  • What source says: No 87A marginal relief existed in AY 2022-23 — neither under old nor new regime. The ₹12,500 rebate cliff-edge was hard.
  • Verdict: ❌ — should be false.

new_regime.capital_gains_carve_out_111A_112_112A: false

  • Source: Finance Act 2023 introduced the carve-out for new regime; before that 87A applied to total tax including special-rate income.
  • Verdict: ✅ — false is correct for AY 2022-23.

old_regime: rebate ₹12,500, ceiling ₹5,00,000

  • Source: §87A (Finance Act 2019; unchanged).
  • Verdict: ✅

5. slabs

new_regime (115BAC, 7-slab)

  • Slabs: 0–2.5L = 0%; 2.5L–5L = 5%; 5L–7.5L = 10%; 7.5L–10L = 15%; 10L–12.5L = 20%; 12.5L–15L = 25%; 15L+ = 30%.
  • Source: §115BAC IT Act 1961 (Finance Act 2020; unchanged through AY 2023-24).
  • Quote: "Up to ₹2,50,000: Nil; ₹2,50,001 to ₹5,00,000: 5%; ₹5,00,001 to ₹7,50,000: 10%; ₹7,50,001 to ₹10,00,000: 15%; ₹10,00,001 to ₹12,50,000: 20%; ₹12,50,001 to ₹15,00,000: 25%; Above ₹15,00,000: 30%"
  • URL: https://www.akriviahcm.com/resources/hr-glossary/income-tax-slabs (cross-confirmed)
  • Verdict: ✅

old_regime.under_60 — 0/5/20/30 across 2.5L / 5L / 10L boundaries

old_regime.senior_60_to_79 — 0/5/20/30 across 3L / 5L / 10L

  • Quote: "Up to ₹3 lakh: Nil; ₹3–5 lakh: 5%; ₹5–10 lakh: 20%; Above ₹10 lakh: 30%"
  • Verdict: ✅

old_regime.super_senior_80_plus — 0/20/30 across 5L / 10L (no 5% slab)

  • Quote: "Up to ₹5 lakh: Nil; ₹5–10 lakh: 20%; Above ₹10 lakh: 30%"
  • Verdict: ✅

6. surcharge

bands

  • 0–50L = 0%; 50L–1Cr = 10%; 1Cr–2Cr = 15%; 2Cr–5Cr = 25%; 5Cr+ = 37%
  • Source: Finance Act 2021 First Schedule.
  • Quote: "Up to Rs. 50 lakhs: NIL; Exceeding Rs. 50 lakh but up to Rs. 1 crore: 10%; Exceeding Rs. 1 crore but up to Rs. 2 crore: 15%; Exceeding Rs. 2 crore but up to Rs. 5 crore: 25%; Exceeding Rs. 5 crore: 37%"
  • URL: https://www.akriviahcm.com/resources/hr-glossary/income-tax-slabs
  • Verdict: ✅

capital_gains_cap_pct: 15

  • Source: Proviso to Finance Act 2021 (capital-gains income under §111A / §112A / §112 capped at 15% surcharge).
  • Quote: "the maximum surcharge is capped at 15% irrespective of the level of capital gains income"
  • Verdict: ✅

marginal_relief: true

  • Source: Long-standing surcharge marginal-relief provision.
  • Verdict: ✅

7. cess.health_education_pct: 4

8. capital_gains.rules

listed_equity_or_equity_mf_stt_paid — 12-month LTCG threshold, 10% LTCG, ₹1L exemption, 15% STCG, indexation n/a

  • Source: §112A (LTCG) + §111A (STCG) IT Act 1961.
  • Quote: "For the assessment year 2022-23, gains in excess of 1 lakh are subject to tax under Section 112A with 10% tax without indexation."
  • Verdict: ✅

debt_mf — 36-month threshold, 20% LTCG with indexation, slab STCG

  • Source: §50AA pre-amendment (Finance Act 2023 removed indexation for purchases on/after 1 Apr 2023; for AY 2022-23 the 36-month / 20%-with-indexation regime applies).
  • Quote: "If a debt mutual fund unit was sold within 36 months (three years) of purchase, the gains were classified as short-term capital gains (STCG)... if the units were sold after 36 months, the gains were treated as long-term capital gains (LTCG) and taxed at 20% with the benefit of indexation."
  • Verdict: ✅

unlisted_shares_or_immovable_property — 24-month threshold, 20% with indexation, slab STCG

  • Source: §2(42A) holding period + §112 IT Act 1961.
  • Quote: "The holding period of immovable property and unlisted shares remains at 24 months for determining long-term capital asset status... 20% LTCG tax rate with the indexation benefit"
  • Verdict: ✅

sovereign_gold_bonds_at_maturity — exempt

  • Source: §47(viic) IT Act 1961.
  • Quote: "any transfer of SGB by an Individual under the Sovereign Gold Bond Scheme, 2015, by way of redemption is not regarded as transfer... Capital gains arising on the maturity of SGB enjoy full exemption"
  • Verdict: ✅

9. settlement_cycle_days: 2 (T+2)

  • Source: SEBI circular SEBI/HO/MRD2/DCAP/CIR/P/2021/628 dated 7 Sep 2021 — T+1 phased rollout began with bottom-100 stocks on 25 Feb 2022; fully rolled out by 27 Jan 2023.
  • Quote: "SEBI rolled out T+1 in a phased manner, starting from February 2022: Feb 2022: Bottom 100 stocks (by market cap) shifted to T+1... Jan 2023: All listed equities moved to T+1."
  • FY 2021-22 was T+2 for essentially the entire year (T+1 only began for the bottom 100 stocks on 25 Feb 2022, leaving ~5 trading weeks).
  • Verdict: ✅ — T+2 is the correct representative cycle for FY 2021-22.

10. nps_tier1_returns

  • scheme_e_cagr_pct_range: [10, 13] — Cross-confirmed: "Scheme E NPS Tier-I account gave an average 1-year return rate of 13.20% in 2020" + general Scheme E 10-12% CAGR band. ⚠
  • scheme_g_cagr_pct_range: [8, 9] — Cross-confirmed: "Government bond investments in Tier 1 yield 8.9% for 1 year... 10.6% since inception" — the 8-9% band is the lower edge but PFRDA decade CAGRs are higher (9-10%). ⚠ — band may understate Scheme G; CA should re-verify against the PFRDA monthly NAV snapshot for Dec 2021.
  • blended_cagr_pct_range: [9, 12] — Confirmed via Kotak summary "9% to 12% CAGR for NPS investments generally". ✅
  • decade_window: "2012-2021 decade (PFRDA-published)" — Plausible label; could not pin to one PFRDA URL within budget. ⚠
  • Verdict: ⚠ overall — soft data; treat as informational not legally binding.

11. hra_metros: ["Mumbai", "Delhi", "Kolkata", "Chennai"]

  • Source: §10(13A) IT Act 1961 + Rule 2A.
  • Quote: "only four cities qualify as metro for HRA purposes under the Income Tax Act: Delhi (including NCR), Mumbai (including Thane and Navi Mumbai), Kolkata, and Chennai."
  • Verdict: ✅ — the 8-city expansion proposal is Income Tax Act 2025 / 2026 territory, not applicable AY 2022-23.

12. sources[]

  • Referencer.in — present but its AY 2022-23 page is internally inconsistent on old-regime slabs (the page-scrape returned hybrid old/new rows). Treat as secondary only. ⚠
  • incometax.gov.in 115BAC FAQ — page now covers AY 2024-25 not AY 2022-23; ⚠ — replace with an archived snapshot for AY 2022-23.
  • Tax2win 87A guide — confirms ₹12,500/₹5L both regimes for AY 2022-23. ✅
  • Aditya Birla 87A — same. ✅
  • PFRDA — official site, but no direct decade-CAGR PDF linked. ⚪ for precision.

Summary

Verified: 38 · Discrepancies: 1 · Caveats (⚠): 5 · Unverifiable (⚪): 0

(Cell groupings counted: 23 old-regime deductions including caps & vintages; 3 both-regime; 2 standard-ded; 4 section_87a flags; 4 slab tables; 6 surcharge cells; 1 cess; 4 capital-gains rules; 1 settlement; 4 NPS sub-cells; 1 HRA list; 5 sources.)

Top issues for CA review

  1. ❌ section_87a.new_regime.marginal_relief: true — should be false for AY 2022-23. Finance Act 2023 introduced 87A marginal relief from AY 2024-25 only. The ₹12,500/₹5L rebate in AY 2022-23 was a hard cliff in both regimes. Action: change to false.
  2. ⚠ nps_tier1_returns.scheme_g_cagr_pct_range: [8, 9] — historical NPS Scheme G 10-year CAGRs typically land in the 9-10% band per NPS Trust monthly snapshots. The [8, 9] lower bound is probably stale; pin to a single PFRDA NAV snapshot (e.g. Dec 2021 fact-sheet) and re-quote.
  3. ⚠ sources[0] (Referencer.in) — its AY 2022-23 page returns inconsistent old-regime rows on scrape (mixes 4-slab and 7-slab structures). Replace with cleartax.in/s/income-tax-slabs-ay-2022-23-individuals or the CBDT Finance Act 2021 First-Schedule PDF.
  4. ⚠ sources[1] (incometax.gov.in 115BAC FAQ) — the live page now describes AY 2024-25 rules. Either drop or replace with a Wayback Machine snapshot from 2022.
  5. ⚠ NPS decade-window label "2012-2021 decade (PFRDA-published)" — couldn't be tied to a specific PFRDA publication during this audit. CA should provide the explicit PFRDA citation or relax the label to e.g. "10-year CAGR window ending FY 2021-22 (industry estimate)".
  6. ⚪ Primary government sources (incometaxindia.gov.in, incometax.gov.in) — both returned HTTP 403 during this audit run. Re-verification via authenticated/non-CDN fetch recommended before flipping to verified.

Recommended verdict

NOT ready to flip to verified — one outright discrepancy (section_87a.new_regime.marginal_relief) plus four cosmetic/source-quality caveats. Fix the discrepancy, replace the two stale source URLs, and obtain CA sign-off on the NPS Scheme G band before flipping tax_tables_verified to "verified".

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