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
Fin tip: a 5% rise (about ₹75,000, to the nearest 100) puts about ₹63,300 more in your pocket after tax.
- Computed as employment income (salary or wages). For self-employed or freelance income pass incomeType "self-employed" — that figure differs: No standard deduction (the ₹75,000 is for salary and pension income only), so the tax is higher. Pass profit after expenses, or the presumptive profit (s.58 of the Income-tax Act 2025, formerly 44AD/44ADA): 50% of a profession’s gross receipts, or 6%/8% of business turnover.
New tax regime (the default) — includes the ₹75,000 standard deduction for salary or pension income (none for self-employed income: pass incomeType "self-employed"), 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.
Free to start. Connect a bank or drop in a statement.
Rates from the Income Tax Department
Source named on every result
57 countries
Covered for income tax schemes
Runs in your browser
Calculated on this page
Free, no sign-up
No card, no usage limits
The quick answer
On a ₹15,00,000 salary in 2026-27 (AY 2027-28) under the new regime you pay about ₹97,500 in income tax and cess and take home about ₹14,02,500 a year. Type your own salary above.
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 for salary or wages.
I am a freelancer — do I get the standard deduction?
No. The ₹75,000 standard deduction comes off salary or pension income only, so freelance, business and professional income pays tax on the full profit. Switch the calculator to “Self-employed or freelance profit” and enter your profit after expenses — or, under presumptive taxation, 50% of a profession’s gross receipts (6% or 8% of business turnover).
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?
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 ↗GST couldn't be passed as an ordinary law; it required amending the Indian Constitution to create a brand-new shared taxing power and a GST Council where the Centre and all the states decide rates together.
The Constitution (101st Amendment) Act, 2016 conferred simultaneous GST powers on Parliament and the state legislatures and set up the GST Council, subsuming roughly 17 central and state levies into one tax.
Source: CBIC, Government of India (cbic-gst.gov.in) ↗Know your numbers all year
Fin tracks your income and expenses automatically from your bank feed — so tax time is just a tap. Free to start, no card needed.
Get 2Fin free →Explore the tax tools
All tools →
Income Tax & Take-Home
Your income tax, Medicare levy and take-home pay on any salary.
UK Income Tax & Take-Home
Your UK income tax, National Insurance and take-home pay — England, Wales & NI rates.
Tax rates by country
Every standard and reduced GST/VAT rate, with income and company tax, in one table.
GST Calculator
Add or remove GST/VAT on any amount, with the formula shown every time.
BAS Calculator (AU)
Your quarterly GST position — 1A, 1B and the net amount payable, worked out for you.
US Income Tax & Take-Home
Your US federal income tax, Social Security and Medicare — single filer, with take-home pay.
Finland Income Tax & Tax Card
Your Finnish take-home pay and tax-card percentage (veroprosentti) — any municipality, church tax, YLE tax and contributions.
Cash Flow Forecast
Your next 90 days of cash for any way you earn, with the lowest point, the runway and a what-if test.
Loan Repayment Calculator
Home, car, business or personal loans: repayments, interest, offset, balloon, interest-only, extra repayments, a chart and the schedule as CSV.
Tax Return Calculator (AU)
Your estimated refund or amount to pay from income, tax withheld and deductions, with the working shown.
HECS/HELP Repayment
Your compulsory study-loan repayment on the marginal system, and what a pay rise really adds.
Superannuation (AU)
Your Super Guarantee, how much concessional cap is left, and whether Division 293 catches you.
Capital Gains Tax
Sold an asset? Fin covers CGT in 71 countries — a figure where the rules are verified, the rule itself otherwise.
Crypto Tax (AU)
Sold or swapped crypto? Fin works out the CGT — same 50% discount, at your marginal rate.
Business Space at Home (AU)
A desk or a place of business? The deductions each year against the CGT on that share when you sell.
Tax Deduction Finder (AU)
Pick your work and how you earn, and get a checklist of what to claim and where each claim goes.
Depreciation Calculator
Prime cost or diminishing value the ATO way — days held, private use and a year-by-year schedule, or straight line for your books.
Receipts & Payments Account
Paste a bank statement CSV and get receipts and payments by category, with the closing balance — for club and charity treasurers.
Company Tax Calculator
See the tax on your company’s profit in 139 countries — every rate sourced.
Compare tax by country
Put countries side by side — rates, local names, structure and filing.
Tax facts
The weird, wonderful and true history of GST and VAT — every fact sourced.
Tax MCP for agents
Connect Claude, ChatGPT or your own agent to live tax rates.
