AY 2025-26 (FY 2024-25) — tax table verification

Source file: packages/shared/src/data/tax-tables/ay-2025-26.ts Verified: 2026-05-29 against Finance (No. 2) Act 2024 primary sources (post-Budget-2024 July, which followed the Feb-2024 interim Budget). Status in file: tax_tables_verified: "draft" — pending CA sign-off.

Legend: ✅ verified · ⚠ minor concern · ❌ discrepancy · ⚪ unverifiable

This AY is the highest-stakes verification for V1 because (a) it is the most recent fully-closed AY and (b) it carries every major Budget-2024-July change: widened new-regime slabs, ₹75,000 standard deduction in new regime, 80CCD(2) 14% private cap, equity LTCG threshold raised to ₹1.25L at 12.5%, equity STCG raised to 20%, debt-MF / property indexation regime split at 23 July 2024.

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Standard deduction

Field	Table value	Source quote	URL	Verdict
standard_deduction.new_regime_paise	7,500,000 (₹75,000)	"The Finance Minister proposed to increase the standard deduction for salaried employees from ₹50,000 to ₹75,000 under the new tax regime." Effective from April 1, 2025 for AY 2025-26.	https://www.taxtmi.com/tmi_notes?id=1233 · https://taxguru.in/income-tax/finance-no-2-act-2024-key-amendments-relating-direct-taxes.html	✅
standard_deduction.old_regime_paise	5,000,000 (₹50,000)	"₹50,000 under the old tax regime" — unchanged by Finance (No. 2) Act 2024.	https://www.caalley.com/reference-section/cas-referencer/income-tax-rates-ay-2025-26-and-2024-25	✅

⚠ Gap (not a schema cell, but worth flagging for Tax pillar): the schema does not have a slot for the family pension standard deduction which was raised from ₹15,000 to ₹25,000 in the new regime by Finance (No. 2) Act 2024 (same PIB source). If V1 needs to compute pension income, this needs an extension to StandardDeduction or a new family_pension_deduction cell.

Section 87A

Field	Table value	Source quote	URL	Verdict
section_87a.new_regime.rebate_paise	2,500,000 (₹25,000)	"A maximum rebate of Rs. 25,000 is allowed under section 87A…is up to Rs. 7,00,000" (new regime, AY 2025-26).	https://www.caalley.com/reference-section/cas-referencer/income-tax-rates-ay-2025-26-and-2024-25	✅
section_87a.new_regime.ceiling_paise	70,000,000 (₹7,00,000)	Same source — ₹7L ceiling, unchanged from AY 2024-25. The ₹60,000 / ₹12L expansion is AY 2026-27 only (Finance Act 2025).	https://tax2win.in/guide/section-87a	✅
section_87a.new_regime.marginal_relief	true	"Marginal relief … ensures that if your income marginally exceeds the threshold, you only pay tax roughly equal to the extra income". Carried over from Finance Act 2023.	https://tax2win.in/guide/section-87a	✅
section_87a.new_regime.capital_gains_carve_out_111A_112_112A	false	"The amendment is applicable only from FY 2025-26 (AY 2026-27)…there is no change in the scope of rebate for those who file under the new regime in FY 2024-25 (AY 2025-26), with the rebate applicable for all types of incomes except LTCG from equity." ITAT Ahmedabad (2024) ruled 87A rebate IS available on STCG under 111A for AY 2024-25 / 2025-26. The express bar is Finance Act 2025, prospective.	https://www.livelawbiz.com/tax-cases/income-tax-rebate-us-87a-available-on-short-term-capital-gains-us-111a-under-new-regime-itat-301191 · https://taxguru.in/income-tax/section-87a-rebate-stcg-111a-tax-planning-fy-2025-26.html	✅
section_87a.old_regime.rebate_paise	1,250,000 (₹12,500)	"100 per cent of income-tax or Rs. 12,500, whichever is less" (income ≤ ₹5L).	https://www.caalley.com/reference-section/cas-referencer/income-tax-rates-ay-2025-26-and-2024-25	✅
section_87a.old_regime.ceiling_paise	50,000,000 (₹5,00,000)	"Up to ₹5 lakh under old regime" — unchanged.	https://tax2win.in/guide/section-87a	✅

⚠ Footnote nuance for CA review: Even though the table sets capital_gains_carve_out_111A_112_112A: false, the CPC processing utility for AY 2025-26 in late 2024 / early 2025 was programmatically denying the 87A rebate against 111A STCG even though the statutory bar was prospective. Many taxpayers were forced to pay or litigate. Mode 1 should at minimum surface a banner that CPC may auto-deny even though the statute allows it for AY 2025-26.

Slabs — new regime (Section 115BAC(1A), post Finance (No. 2) Act 2024)

Slab	Table value	Source quote	URL	Verdict
0 – 3L @ 0%	from=0, to=30,000,000, rate=0	"Upto Rs. 3,00,000 – Nil"	https://www.caalley.com/reference-section/cas-referencer/income-tax-rates-ay-2025-26-and-2024-25	✅
3L – 7L @ 5%	from=30,000,001, to=70,000,000, rate=5	"Rs. 3,00,001 to Rs. 7,00,000 – 5%" (raised from ₹6L cap)	same	✅
7L – 10L @ 10%	from=70,000,001, to=100,000,000, rate=10	"Rs. 7,00,001 to Rs. 10,00,000 – 10%"	same	✅
10L – 12L @ 15%	from=100,000,001, to=120,000,000, rate=15	"Rs. 10,00,001 to Rs. 12,00,000 – 15%"	same	✅
12L – 15L @ 20%	from=120,000,001, to=150,000,000, rate=20	"Rs. 12,00,001 to Rs. 15,00,000 – 20%"	same	✅
15L+ @ 30%	from=150,000,001, to=null, rate=30	"Above Rs. 15,00,000 – 30%"	same	✅

Slabs — old regime (unchanged from AY 2024-25)

Sub-table	Slabs	Source quote	URL	Verdict
under_60	0/2.5L 0%, 2.5/5L 5%, 5/10L 20%, 10L+ 30%	"Up to Rs. 2,50,000 – Nil; Rs. 2,50,000 to Rs. 5,00,000 – 5%; Rs. 5,00,000 to Rs. 10,00,000 – 20%; Above Rs. 10,00,000 – 30%"	https://www.caalley.com/reference-section/cas-referencer/income-tax-rates-ay-2025-26-and-2024-25	✅
senior_60_to_79	0/3L 0%, 3/5L 5%, 5/10L 20%, 10L+ 30%	"Up to Rs. 3,00,000 – Nil; Rs. 3,00,000 to Rs. 5,00,000 – 5%; Rs. 5,00,000 to Rs. 10,00,000 – 20%; Above Rs. 10,00,000 – 30%"	same	✅
super_senior_80_plus	0/5L 0%, 5/10L 20%, 10L+ 30%	"Up to Rs. 5,00,000 – Nil; Rs. 5,00,000 to Rs. 10,00,000 – 20%; Above Rs. 10,00,000 – 30%"	same	✅

Surcharge

Band	Table value	Source quote	URL	Verdict
0 – ₹50L	both 0%	"Surcharge is 10% on income tax if the total income exceeds Rs. 50 lakh" (so 0% below)	https://cleartax.in/s/marginal-relief-surcharge	✅
₹50L – ₹1Cr	old 10%, new 10%	"10% on income tax if the total income exceeds Rs. 50 lakh but does not exceed Rs. 1 crore"	same	✅
₹1Cr – ₹2Cr	old 15%, new 15%	"15% on income tax if the total income exceeds Rs. 1 crore but does not exceed Rs. 2 crore"	same	✅
₹2Cr – ₹5Cr	old 25%, new 25%	"25% on income tax if income exceeds Rs. 2 crore but does not exceed Rs. 5 crore"	same	✅
₹5Cr+	old 37%, new 25% (capped)	"37% on income tax if income exceeds Rs. 5 crore under the old regime"; "Under the new tax regime, the highest surcharge rate is capped at 25%"	same	✅
capital_gains_cap_pct	15	"Maximum rate of surcharge on tax payable on income chargeable to tax under sections 111A, 112A, 112, 115AD(1)(b) and dividend income shall be 15%"	same	✅
marginal_relief	true	Marginal relief applies at each band transition — unchanged.	same	✅

Cess

Field	Table value	Source quote	URL	Verdict
cess.health_education_pct	4	"Health and Education Cess is levied at the rate of 4% on the amount of income-tax plus surcharge"	https://www.caalley.com/reference-section/cas-referencer/income-tax-rates-ay-2025-26-and-2024-25	✅

Capital gains rules

asset_class	Field	Table value	Source quote	URL	Verdict
listed_equity_or_equity_mf_stt_paid_pre_23_jul_2024	ltcg_threshold_months	12	"Listed Equity Shares & Equity Funds: 12 months holding period qualifies as LTCG"	https://cleartax.in/s/long-term-capital-gains-ltcg-tax	✅
	ltcg_rate	10%	"Earlier, the tax rate was … 10% (for equity under 112A)"	https://www.bajajfinserv.in/investments/understanding-long-term-capital-gains-tax	✅
	ltcg_exemption_paise	10,000,000 (₹1L)	"The exemption limit of 1 lakh for LTCG on certain listed equity shares … has increased to 1.25 lakh" (so pre-23-Jul = ₹1L)	same	✅
	stcg_rate	15%	"The rate for short-term capital gains … has increased from 15% to 20%" (so pre-23-Jul = 15%)	same	✅
	applicability_window	start=null, end=2024-07-22	"New provisions … apply to any transfer made on or after 23.7.2024"	https://taxguru.in/income-tax/finance-no-2-act-2024-key-amendments-relating-direct-taxes.html	✅
listed_equity_or_equity_mf_stt_paid_post_23_jul_2024	ltcg_threshold_months	12	Holding period unchanged for listed equity.	https://cleartax.in/s/long-term-capital-gains-ltcg-tax	✅
	ltcg_rate	12.5%	"For equity-oriented assets, the rate for LTCG (S. 112A) has increased from 10 to 12.5%"	https://www.bajajfinserv.in/investments/understanding-long-term-capital-gains-tax	✅
	ltcg_exemption_paise	12,500,000 (₹1.25L)	"exemption limit … has increased to 1.25 lakh, applicable for FY 2024-25 and subsequent years"	same	✅
	stcg_rate	20%	"STCG rate for listed equity shares, equity-oriented mutual funds … has increased from 15% to 20%"	same	✅
	applicability_window	start=2024-07-23, end=null	"Effective from 23rd July 2024"	https://taxguru.in/income-tax/finance-no-2-act-2024-key-amendments-relating-direct-taxes.html	✅
debt_mf_acquired_on_or_after_2023_04_01	ltcg_rate / stcg_rate	"slab" both	"Capital gains from … Specified Mutual Funds are considered Short-Term Capital Gains, irrespective of the holding period, and are taxed at normal income tax slab rates" (Section 50AA, Finance Act 2023)	https://cleartax.in/s/section-50aa-income-tax-act	✅
	ltcg_threshold_months	null	"LTCG concept removed" — correct.	same	✅
	indexation	"n/a"	No indexation under Section 50AA.	same	✅
debt_mf_acquired_before_2023_04_01_pre_23_jul_2024	ltcg_threshold_months	36	"Prior to 01.04.2023 … held for more than 36 months were treated as LTCG and taxed at 20% with indexation"	https://cleartax.in/s/section-50aa-income-tax-act	✅
	ltcg_rate	20%	Same	same	✅
	indexation	"with"	Same	same	✅
	applicability_window	end=2024-07-22	Holding-period reduction effective post-23-Jul-2024.	https://taxguru.in/income-tax/finance-no-2-act-2024-key-amendments-relating-direct-taxes.html	✅
debt_mf_acquired_before_2023_04_01_post_23_jul_2024	ltcg_threshold_months	36 (table)	❌ Discrepancy. Multiple sources confirm holding period was reduced to 24 months for transfers on/after 23 Jul 2024: "the holding period required for LTCG classification has been reduced from 36 months to 24 months"; "the investment is sold after being held for 24 months".	https://www.fincart.com/blog/debt-mutual-funds-taxation/ · https://www.hdfclife.com/investment-plans/debt-mutual-fund-taxation	❌
	ltcg_rate	12.5%	"LTCG on debt funds purchased before April 01, 2023, will now be taxed at 12.5% without indexation"	https://www.hdfclife.com/investment-plans/debt-mutual-fund-taxation	✅
	indexation	"without"	"Without indexation benefits"	same	✅
	applicability_window	start=2024-07-23	Same	https://taxguru.in/income-tax/finance-no-2-act-2024-key-amendments-relating-direct-taxes.html	✅
unlisted_shares_or_immovable_property_pre_23_jul_2024	ltcg_threshold_months	24	"The holding period of unlisted shares remains 24 months. The holding period of immovable property remains 24 months." Confirmed via Finance Act 2017 amendment to Section 2(42A).	https://abcaus.in/budget-2017-18/ltcg-holding-period-immovable-property-reduced-24-months.html	✅
	ltcg_rate	20%	"20% with indexation benefit" (pre-23-Jul)	https://www.bajajfinserv.in/investments/understanding-long-term-capital-gains-tax	✅
	stcg_rate	"slab"	STCG on non-111A assets continues at slab.	same	✅
	indexation	"with"	Indexation available.	same	✅
unlisted_shares_or_immovable_property_post_23_jul_2024	ltcg_threshold_months	24	Holding-period unchanged at 24 months.	https://cleartax.in/s/long-term-capital-gains-ltcg-tax	✅
	ltcg_rate	12.5%	"For property acquired on or after 23 July 2024, LTCG is taxed at 12.5% without indexation"	https://abcaus.in/budget-2017-18/ltcg-holding-period-immovable-property-reduced-24-months.html (current-status note)	✅
	indexation	"grandfathered_residents"	"In case of sale of land and building made after 23rd July 2024, the taxpayer will have the option to pay tax at 20% with indexation … if such land/building had been acquired on or before 22nd July 2024" — resident individual/HUF only.	https://cleartax.in/s/long-term-capital-gains-ltcg-tax	✅
sovereign_gold_bonds_at_maturity	ltcg_rate / stcg_rate	"exempt" / "exempt"	"Section 47(viic) … deemed SGB redemption by individuals as 'not a transfer,' exempting capital gains entirely at maturity." Old IT Act 1961 still applicable for AY 2025-26.	https://www.incorpx.io/blog/sovereign-gold-bond-tax-exemption-2026-rules	✅

⚠ Carve-out not modelled (CA flag): the unlisted_shares_or_immovable_property_post_23_jul_2024 rule lumps unlisted shares with immovable property but the grandfathering 20%-with-indexation option per Finance (No. 2) Act 2024 applies to land/building held by resident individuals/HUFs only — NOT to unlisted shares. Modelled as one rule with indexation: "grandfathered_residents", a CA may want the asset classes split, or the notes to be tightened so Mode 1 doesn't accidentally offer indexation on unlisted-share LTCG.

Old-regime deductions

Field	Table value	Source quote	URL	Verdict
80C.limit_paise	15,000,000 (₹1,50,000)	"Maximum section 80C deduction limit … is Rs. 1,50,000 per financial year"	https://cleartax.in/s/80c-80-deductions	✅
80CCD_1B.limit_paise	5,000,000 (₹50,000)	"Section 80CCD(1B) provides an additional NPS deduction of up to Rs 50,000 over and above Rs 1.5 lakh limit"	https://cleartax.in/s/section-80ccd	✅
80D_self_family_non_senior.limit_paise	2,500,000 (₹25,000)	"Self and Family deduction is allowed up to 25,000"	https://cleartax.in/s/80c-80-deductions	✅
80D_self_family_senior.limit_paise	5,000,000 (₹50,000)	"For Senior Citizen, the deduction allowed is up to Rs. 50,000"	same	✅
80D_parents_non_senior.limit_paise	2,500,000 (₹25,000)	Parents' bucket = ₹25,000 if non-senior, separate from self/family.	same	✅
80D_parents_senior.limit_paise	5,000,000 (₹50,000)	Parents' bucket = ₹50,000 if senior.	same	✅
80DD_normal.limit_paise	7,500,000 (₹75,000)	"The deduction limits are ₹75,000 for disability (between 40-79%)"	https://disytax.com/deduction-section-80u-disability/	✅
80DD_severe.limit_paise	12,500,000 (₹1,25,000)	"₹1,25,000 for severe disability (80% or more)"	same	✅
80U_normal.limit_paise	7,500,000 (₹75,000)	Same Section 80U mirror.	same	✅
80U_severe.limit_paise	12,500,000 (₹1,25,000)	Same.	same	✅
80DDB_non_senior.limit_paise	4,000,000 (₹40,000)	"Rs. 40,000 for individuals under 60"	https://tax2win.in/guide/section-80ddb	✅
80DDB_senior.limit_paise	10,000,000 (₹1,00,000)	"Rs. 1,00,000 for senior citizens"	same	✅
80E.uncapped + window_years_from_first_repayment=8	uncapped, 8 yrs	"No upper limit … claim for a maximum of 8 consecutive financial years"	https://cleartax.in/s/section-80e-deduction-interest-education-loan	✅
80EE.limit_paise	5,000,000 (₹50,000)	"Up to Rs. 50,000 per year"	https://cleartax.in/s/section-80ee-income-tax-deduction-for-interest-on-home-loan	✅
80EE.property_value_cap_paise	500,000,000 (₹50L)	"Property value must not exceed Rs. 50 lakh"	same	✅
80EE.loan_cap_paise	350,000,000 (₹35L)	"Loan amount must not exceed Rs. 35 lakh"	same	✅
80EE.vintage	2016-04-01 to 2017-03-31	"Loan sanctioned between 1 Apr 2016 to 31 Mar 2017"	same	✅
80EEA.limit_paise	15,000,000 (₹1,50,000)	"Rs 1.50 lakh income tax deductions on home loan interest"	https://tax2win.in/guide/section-80eea-deduction-for-affordable-housing	✅
80EEA.stamp_duty_cap_paise	450,000,000 (₹45L)	"Affordable property (worth up to Rs 45 lakh)"	same	✅
80EEA.vintage	2019-04-01 to 2022-03-31	"FY 2019-22 loans"	https://www.commercetutors.com/2025/06/home-ev-loan-deductions-sections-80ee-80eea-and-80eeb-simplif.html	✅
80EEB.limit_paise	15,000,000 (₹1,50,000)	"Up to INR 1.5 lacs under section 80EEB"	https://www.jiraaf.com/blogs/taxation/section-80eeb-deduction	✅
80EEB.vintage	2019-04-01 to 2023-03-31	"April 2019–March 2023"	https://www.commercetutors.com/2025/06/home-ev-loan-deductions-sections-80ee-80eea-and-80eeb-simplif.html	✅
80EEB.sunset_after_ay	"2023-24"	Section 80EEB applies only to loans sanctioned through 31 March 2023; new claims sunset after AY 2023-24. Residual interest on within-vintage loans continues to be claimable.	same	✅
80G.cash_donation_disallowed_above_paise	200,000 (₹2,000)	"No deduction is allowed for cash donations exceeding ₹2,000"	https://cleartax.in/s/donation-under-section-80g-and-80gga	✅
80GG.formula	"min(₹5,000/month, 25% of total income, rent − 10% of total income)"	"Least of: rent paid minus 10% of total income, 25% of total income, or the statutory limit of ₹5,000 per month"	https://learn.quicko.com/section-80gg-deduction-for-rent	✅
80GGC.uncapped	true	Political-party donations are uncapped; cash mode disallowed (analogous to 80G).	https://cleartax.in/s/80c-80-deductions	✅
80TTA.limit_paise	1,000,000 (₹10,000)	"Deduction of up to ₹10,000 on interest earned from savings accounts"	https://tax2win.in/guide/income-tax-on-saving-bank-interest	✅
80TTB.limit_paise	5,000,000 (₹50,000)	"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)	"Deduction on home loan interest up to Rs. 2 lakh for self-occupied properties under the old tax regime"	https://creditdharma.in/home-loan/section-24-b-of-income-tax-act/	✅
hp_loss_set_off_71B.limit_paise	20,000,000 (₹2,00,000)	"loss under the head 'house property' shall be allowed to be set-off against any other head of income only to the extent of Rs. 2,00,000 for any assessment year"; "carried forward up to 8 assessment years"	https://www.taxtmi.com/manuals?id=1186	✅

Both-regime deductions

Field	Table value	Source quote	URL	Verdict
80CCD_2.nps_employer_cap.private_pct_basic_da	14	"Effective from 1st April 2025 i.e. AY 2025-26 … private and other non-government employers" 14%. Finance (No. 2) Act 2024 amendment.	https://taxguru.in/income-tax/finance-no-2-act-2024-key-amendments-relating-direct-taxes.html	✅
80CCD_2.nps_employer_cap.central_govt_pct_basic_da	14	Government employers had 14% from earlier; unchanged in AY 2025-26.	https://cleartax.in/s/section-80ccd	✅
80CCH.uncapped	true	"There is no upper limit specified under Section 80CCH. The entire contribution … is eligible for deduction"	https://cleartax.in/s/section-80cch-of-income-tax	✅
80JJAA.additional_employee_cost_pct	30	"Deduction of 30% of the additional employee cost incurred"	https://tax2win.in/guide/section-80-jjaa	✅
80JJAA.years_eligible	3	"For 3 consecutive years"	same	✅

⚠ CA-flag — 80CCD(2) regime split: the table stores a single private_pct_basic_da: 14 value. The 14% applies in the new regime only for AY 2025-26; old regime remains capped at 10% for private-sector employees. The schema does not model a per-regime split. Either (a) document that the cell represents the new-regime ceiling and Mode 1 must derate to 10% on old-regime computations, or (b) extend the schema (private_pct_old_regime, private_pct_new_regime).

NPS Tier-1 returns

Field	Table value	Source quote	URL	Verdict
scheme_e_cagr_pct_range	[10, 13]	"Scheme E has delivered 10–13% CAGR over a decade"	https://www.kotak.bank.in/en/stories-in-focus/national-pension-system/nps-interest-rates.html	✅
scheme_g_cagr_pct_range	[8, 9]	"Scheme G have generated 8–9% steadily"	same	✅
blended_cagr_pct_range	[9, 12]	Blended typically 9–12% depending on allocation mix; consistent with PFRDA-published 10-year aggregates.	https://npstrust.org.in/weekly-snapshot-nps-schemes	✅
decade_window	"2015-2024 decade (PFRDA-published)"	Decade label is a presentation choice, not a verified primary cell. PFRDA weekly snapshot does publish 10-year CAGRs.	same	⚪

HRA metros

Field	Table value	Source quote	URL	Verdict
hra_metros	["Mumbai", "Delhi", "Kolkata", "Chennai"]	"For metro cities (Delhi, Mumbai, Chennai, and Kolkata), 50% of basic salary"; "For FY 2025-26 ITR filing, the old 4-city metro rule applies. Bangalore, Hyderabad, Pune, and Ahmedabad remain non-metro." Income Tax Rules 2026 (which added 4 more cities) is prospective, not applicable to AY 2025-26.	https://taxguru.in/income-tax/hra-exemption-8-cities-qualify-50-percent-exemption-practical-guide.html	✅

Settlement cycle

Field	Table value	Source quote	URL	Verdict
settlement_cycle_days	1	"On January 27, 2023, India's domestic equity market shifted to the T+1 settlement cycle" — T+1 was the standard cycle throughout FY 2024-25. SEBI introduced optional T+0 beta on 28 March 2024 for 25 stocks (BSE) and expanded the optional T+0 to top 500 stocks in Jan 2025. The default cycle for FY 2024-25 remains T+1.	https://www.sebi.gov.in/legal/circulars/mar-2024/introduction-of-beta-version-of-t-0-rolling-settlement-cycle-on-optional-basis-in-addition-to-the-existing-t-1-settlement-cycle-in-equity-cash-markets_82455.html	✅

⚠ Pillar nuance: the cell is the default cycle. If Mode 1 surfaces "your AY 2025-26 trades settled T+0", that depends on per-broker opt-in. Worth a notes extension if precise per-trade math is needed downstream.

Sources cell

Field	Table value	Verdict
sources[0]	Referencer.in AY 2025-26 page	✅ live, valid
sources[1]	PIB FAQ on new capital gains (PRID 2036604)	⚪ blocked by 403 in this verification but is the canonical CBDT FAQ
sources[2]	Tax2win standard-deduction explainer	✅
sources[3]	BusinessToday NPS taxation post-Budget-2024	✅ confirms 14% private cap
sources[4]	Ramco Finance (No. 2) Act 2024 paycheck summary	✅
sources[5]	PIB "Government makes new tax regime more attractive" (PRID 2035605)	⚪ blocked by 403 here; canonical PIB release
sources[6]	PFRDA official	✅
sources[7]	NPS Trust weekly snapshot	✅

⚠ Two PIB URLs are inaccessible via WebFetch (403). They are canonical and should be retained, but the verification leans on secondary sources mirroring the same release. Consider adding TaxGuru's Finance (No. 2) Act 2024 amendments article (https://taxguru.in/income-tax/finance-no-2-act-2024-key-amendments-relating-direct-taxes.html) as an additional source — it materially confirmed AY 2025-26 effective dates for 80CCD(2), std ded, family pension and capital-gains rate changes used in this verification.

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Tally

Verified: 78 · Discrepancies: 1 · Unavailable: 3

(Unavailable = nps_tier1_returns.decade_window label, two 403-blocked PIB URLs — none of which is a numeric cell.)

Top issues for CA review

1. ❌ debt_mf_acquired_before_2023_04_01_post_23_jul_2024.ltcg_threshold_months = 36 is incorrect. Finance (No. 2) Act 2024 reduced the holding period for all non-listed-security assets to 24 months effective 23 July 2024. Multiple independent sources (HDFC Life, Fincart, taxguru) confirm 24 months for debt-MF (pre-1-Apr-2023 vintage) post-23-Jul-2024. Fix: change to 24.
2. ⚠ Family pension std ded ₹25,000 (new regime) has no schema slot. Budget 2024 raised it from ₹15,000 to ₹25,000 with effect from AY 2025-26. If pension income is part of the Tax pillar V1, extend StandardDeduction (or add a family_pension_deduction_paise cell).
3. ⚠ 80CCD(2) regime split. Cell stores private_pct_basic_da: 14. The 14% applies under the new regime only for AY 2025-26; under the old regime private-sector cap remains 10%. Either document the cell as new-regime ceiling with Mode 1 derating logic, or extend schema with per-regime fields.
4. ⚠ 87A CPC behavioural discrepancy. Although capital_gains_carve_out_111A_112_112A: false is statutorily correct for AY 2025-26 (Finance Act 2025 carve-out is prospective and ITAT Ahmedabad ruled in favour of taxpayers), the CPC processing utility was auto-denying 87A on 111A STCG in late 2024 / early 2025. Mode 1 may want to surface a "Mismatch likely with CPC" banner.
5. ⚠ Grandfathering scope on unlisted_shares_or_immovable_property_post_23_jul_2024. The 20%-with-indexation grandfathering option is only for land/building held by resident individuals/HUFs — not unlisted shares. Cell groups two asset classes under one indexation: "grandfathered_residents". Consider splitting or tightening notes so Mode 1 does not offer indexation election on unlisted shares.

Recommended verdict

Not yet ready to flip to verified. One ❌ discrepancy (debt-MF holding period) requires a code fix before sign-off. Additionally, the four ⚠ items (family pension slot, 80CCD(2) regime split, 87A CPC banner, grandfathering asset-class split) should be triaged with the CA — at least items 1 and 3 must be resolved (statutory) before flip; items 2, 4, 5 can be deferred if V1 scopes around them with explicit pending_reason text.

Suggested pending_reason update once item 1 is fixed:

"Debt-MF holding-period reduced to 24 months per Finance (No. 2) Act 2024. Awaiting CA review of (a) 80CCD(2) regime-split modelling, (b) 87A CPC-behaviour banner for 111A/112/112A, (c) grandfathering carve-out for unlisted shares vs land/building, (d) optional family-pension std-ded extension."