India Income Tax Calculator
See your take-home pay in seconds — Fin works out your income tax under the new regime, the cess and what actually lands in your pocket.
Take-home pay (a year)
₹14,02,500
₹1,16,875 a month
- Income tax
- ₹93,750
- Health & Education cess (4%)
- ₹3,750
- Total tax
- ₹97,500
New tax regime (the default), salaried — includes the ₹75,000 standard deduction, the Section 87A rebate (taxable income up to ₹12L is effectively tax-free) and 4% Health & Education cess. Excludes the old regime, capital-gains special rates and Chapter VI-A deductions. Indicative only — general information, not tax advice.
India income tax slabs — new regime (2026-27 (AY 2027-28))
Salaried people get a ₹75,000 standard deduction first. The slabs then start at 0% up to ₹4 lakh and step up by 5% to 30% above ₹24 lakh. The Section 87A rebate cancels the tax on taxable income up to ₹12 lakh — so a salary up to about ₹12.75 lakh pays no income tax — and a 4% Health & Education cess is added on top of the tax.
| Taxable income (after deduction) | Tax rate |
|---|---|
| ₹0 – ₹4,00,000 | 0% (tax-free) |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| ₹24,00,001+ | 30% |
New tax regime (the default), 2026-27 (AY 2027-28). Includes the ₹75,000 standard deduction, the Section 87A rebate and 4% cess; a surcharge applies above ₹50 lakh. Excludes the old regime and capital-gains special rates. General information, not tax advice.
India income tax — common questions
Is income up to ₹12 lakh tax-free under the new regime?
Effectively yes. The Section 87A rebate cancels the tax on taxable income up to ₹12 lakh. With the ₹75,000 standard deduction for salaried people, a salary up to about ₹12.75 lakh pays ₹0 income tax under the new regime.
How much tax do I pay on ₹15 lakh in India?
On a ₹15,00,000 salary in 2026-27 (AY 2027-28) under the new regime you would pay about ₹93,750 in income tax plus 4% Health & Education cess — roughly ₹97,500 in total, leaving about ₹14,02,500 take-home.
What is the standard deduction in the new regime?
Salaried individuals and pensioners get a ₹75,000 standard deduction in the new regime, taken off your salary before the slabs apply. This calculator includes it.
Does this use the old regime or the new regime?
The new tax regime — the default since FY2023-24, with lower slab rates and the ₹75,000 standard deduction but fewer exemptions. The old regime (with deductions like 80C and HRA) is not modelled here.
Is this India take-home calculator free?
Yes — completely free, no sign-up. Fin works out your income tax, cess and take-home pay instantly.
Did you know?
The World Bank ranked India's 28% top GST slab as the second-highest such rate among a sample of 115 countries, and India was one of only five nations (with Italy, Luxembourg, Pakistan and Ghana) using four or more separate GST/VAT rates.
The March 2018 World Bank India Development Update called India's GST one of the most complex in the world, citing multiple rates, a high peak rate and many exemptions.
Source: Business Today ↗India's monthly GST haul hit a record 2.37 lakh crore rupees (about US$28 billion) in April 2025, the biggest single-month collection since the tax began in 2017.
The gross figure was up 12.6% over April 2024, driven by year-end filings and strong domestic and import activity.
Source: Business Today ↗Know your numbers all year
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