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🇮🇳 India Income Tax Calculator 2026
Under the new tax regime, the first ₹4,00,000 of taxable income is tax-free, then rates climb in 5-point steps from 5% up to 30% above ₹24,00,000. Salaried employees also get a ₹75,000 standard deduction, and a rebate under Section 87A wipes out the entire tax bill for taxable income up to ₹12,00,000, with marginal relief easing the transition just above that line. On top of whatever tax remains, a 4% Health and Education Cess applies. The old regime, with its HRA and Section 80C deductions, can still work out cheaper for people with large deductions, but most filers now take the new regime's simplicity and higher exemption. At ₹12,00,000 gross, the Section 87A rebate eliminates all income tax after the ₹75,000 standard deduction, so take-home is approximately ₹12,00,000. At ₹20,00,000, take-home is around ₹18,08,000 after income tax and the 4% cess.
India Income Tax Brackets
Brackets apply to taxable income after the ₹75,000 standard deduction (single filer).
| Income band | Rate |
|---|---|
| ₹0 – ₹400,000 | 0.00% |
| ₹400,000 – ₹800,000 | 5.00% |
| ₹800,000 – ₹1,200,000 | 10.00% |
| ₹1,200,000 – ₹1,600,000 | 15.00% |
| ₹1,600,000 – ₹2,000,000 | 20.00% |
| ₹2,000,000 – ₹2,400,000 | 25.00% |
| ₹2,400,000 and above | 30.00% |
Take-home pay examples
| Gross / year | Net / year | Net / month |
|---|---|---|
| ₹600,000 | ₹600,000 | ₹50,000 |
| ₹1,200,000 | ₹1,200,000 | ₹100,000 |
| ₹2,000,000 | ₹1,807,600 | ₹150,633 |
| ₹3,500,000 | ₹2,868,200 | ₹239,017 |
Employee figures only, standard deductions applied. Pension contributions, benefits in kind, and other personal factors are not included.
Data & assumptions
- Tax year
- 2026
- Last updated
- 2026-07-17
- Employment assumption
- Full-time employee, single filer
Figures are estimates based on standard deductions and do not account for pension contributions, benefits in kind, or individual circumstances. See our methodology for how these numbers are calculated.
Frequently Asked Questions
Why is my tax zero up to ₹12,00,000?
That's the Section 87A rebate. For taxable income (after the ₹75,000 standard deduction) up to ₹12,00,000, the rebate cancels out the entire tax bill, which works out to exactly ₹60,000 at that income level under the new-regime slabs. Just above ₹12,00,000, marginal relief caps your tax at the amount you earn over that threshold, so there's no sudden jump back to full tax.
Is EPF included in this calculator?
No. Employees' Provident Fund is normally 12% of basic pay, but basic pay is typically only 40-50% of total CTC and that split varies by company. Since this calculator only takes a single gross figure, EPF isn't modelled; your actual take-home will be a bit lower once EPF is deducted.
Does this cover the old tax regime?
No, only the new regime, which is the default since FY2023-24 and is now used by most filers. The old regime (with HRA, Section 80C investments, and other deductions) can still come out ahead for people with large eligible deductions, but it isn't modelled here.
What is a good salary in India?
India's salary landscape varies enormously by city and sector. In Bangalore, Hyderabad, and Pune (the main tech hubs), a comfortable single lifestyle typically requires ₹80,000–1,20,000 net per month, corresponding to roughly ₹12,00,000–18,00,000 gross. Software engineers at Indian IT majors (TCS, Infosys, Wipro) start at ₹4,00,000–6,00,000 gross, while product engineers at tech unicorns and MNC offices in Bangalore often earn ₹20,00,000–60,00,000 or more. The Section 87A rebate makes sub-₹12,00,000 gross earnings effectively tax-free under the new regime, creating notable efficiency for lower-bracket earners.
What are the new-regime income tax slabs for FY2025-26?
The new tax regime has seven slabs: 0% up to ₹4,00,000; 5% on ₹4,00,000–8,00,000; 10% on ₹8,00,000–12,00,000; 15% on ₹12,00,000–16,00,000; 20% on ₹16,00,000–20,00,000; 25% on ₹20,00,000–24,00,000; and 30% above ₹24,00,000. These apply after the ₹75,000 standard deduction. The Section 87A rebate eliminates tax entirely for taxable income up to ₹12,00,000. A 4% health and education cess applies to the final tax amount. No other deductions (HRA, 80C, 80D) are available under the new regime; the old regime allows those but starts at higher rates.
How does Indian take-home compare to countries like Singapore or UK for tech workers?
At ₹20,00,000 annual gross (roughly S$31,000 or £19,000), an Indian employee keeps around 90% of gross under the new regime, better than a Singapore employee at S$31,000 (around 88% after CPF) or a UK employee at £19,000 (around 85% after income tax and NI). The advantage narrows at higher incomes: at ₹40,00,000 gross (roughly £38,000), India's 30% rate and 4% cess push effective deductions higher. The more meaningful comparison for Indian tech workers is with USD or EUR packages from foreign employers, where remote roles at US tech companies paying USD 100,000–200,000 are increasingly common for senior engineers and produce materially higher absolute net pay than domestic rupee roles.