Tax year 2026-27 (1 April 2026 – 31 March 2027), new tax regime
Salary after tax
Your salary as a skyscraper
Each floor is a slice of your yearly salary with its own tax rate. Blue is what you keep from that floor; red goes to tax and yellow to contributions. Your marginal rate applies only to the top floor, the next slice of pay you earn. A raise adds floors on top, and the floors below keep their rates.
Yearly amounts. Hover or tap a floor for its numbers. Very thin slices are merged into the floor below; the Marginal rate tab lists every threshold.
Breakdown by pay period
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Your marginal tax rate
Marginal rate is the share of your next unit of salary that goes to tax and payroll deductions. Average rate is the share of your whole salary that does.
Tax brackets apply only to the slice of income that falls inside each one. Moving into a higher bracket raises the rate on the extra income only; everything below keeps its lower rates. That is why the average rate climbs slowly behind the marginal rate.
The marginal rate also moves when a payroll contribution reaches its yearly ceiling (it falls), when an allowance or credit is phased out (it rises), or when a levy phases in.
- Marginal rate
- Average rate
- Your salary
Where your marginal rate changes
Take-home pay at other salaries
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How this is calculated
Rules, rate tables, what's not included, and official sources
- A standard deduction of ₹75,000 is subtracted from salary to get taxable income, and the new-regime slabs below are applied.
- If taxable income is ₹12,00,000 or less, the section 87A rebate (up to ₹60,000) cancels the tax. Just above ₹12,00,000, marginal relief caps tax at the amount by which income exceeds ₹12,00,000.
- A surcharge of 10% (income above ₹50 lakh), 15% (above ₹1 crore) or 25% (above ₹2 crore) is added, with marginal relief at each threshold.
- Health and education cess of 4% is charged on tax plus surcharge.
- The employee EPF contribution is 12% of basic wages; it is deducted from pay but gives no tax deduction under the new regime.
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | 0% |
| ₹4,00,000 – ₹8,00,000 | 5% |
| ₹8,00,000 – ₹12,00,000 | 10% |
| ₹12,00,000 – ₹16,00,000 | 15% |
| ₹16,00,000 – ₹20,00,000 | 20% |
| ₹20,00,000 – ₹24,00,000 | 25% |
| Over ₹24,00,000 | 30% |
Not included
- The old tax regime and its deductions (section 80C, HRA, home-loan interest).
- State professional tax (up to ₹2,500 a year, depending on the state).
- Employer NPS contributions and other exempt allowances.
Salary here is gross salary, not cost-to-company (CTC): the employer's own PF contribution and gratuity are not included.
Sources
- Income Tax Department — tax slabs for individuals
- Income Tax Department — new tax vs old tax regime
- EPFO — employee contribution rates
Rates last checked against these sources on 2026-09-30.