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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.
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.
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.