India Tax Calculator (2026)

Income tax rates and take-home pay for India

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India Income Tax Brackets (2025/26)

Bracket Income Range Rate
Basic exemption limit₹0 - ₹250,0000.0%
Slab 1₹250,000 - ₹500,0005.0%
Slab 2₹500,000 - ₹1,000,00020.0%
Slab 3₹1,000,000+30.0%

Tax credit: ₹12,500

Employees' Provident Fund (EPF)

Bracket Income Range Rate
EPF contribution rate₹0+12.0%

Surcharge on income

Bracket Income Range Rate
No surcharge₹0 - ₹5,000,0000.0%
Surcharge above 5M₹5,000,000 - ₹10,000,00010.0%
Surcharge above 10M₹10,000,000 - ₹20,000,00015.0%
Surcharge above 20M₹20,000,000 - ₹50,000,00025.0%
Surcharge above 50M (old regime)₹50,000,000+25.0%

Applies when income exceeds ₹5,000,000

Health and education cess

Bracket Income Range Rate
Health and education cess at 4%₹0+4.0%

Key Facts

Tax Year

2025/26

Currency

INR

Top Rate

30.0%

Brackets

4 brackets

Tax Credit

₹12,500

Social Contributions

1 item

Assumptions

  • · Old tax regime is used as the representative default model for salaried employees.
  • · Basic exemption limit of INR 250,000 applies (standard for ages under 60).
  • · Standard deduction of INR 50,000 is applied against salary income.
  • · Surcharge and health & education cess are calculated as separate entities beyond income tax brackets.
  • · Tax rebate of lower of income tax or INR 12,500 applies where total income ≤ INR 500,000.
  • · Employees' Provident Fund (EPF) contribution of 12% is mandatory for establishments with 20+ employees.
  • · EPF is treated as deductible social contribution reducing taxable income.
  • · No state or local income taxes are modeled; profession tax varies by state and is nominal.
  • · Model assumes resident ordinarily resident (ROR) status with worldwide income scope.
  • · No voluntary schemes, church tax, or employer-only charges are included.
  • · Surcharge rates on long-term capital gains (capped at 15%) are not modeled as this applies only to capital gains, not salary.

Frequently asked questions

How much income tax do I pay if I earn INR 750,000 per year in India?

If you earn INR 750,000, you first get a standard deduction of INR 50,000, bringing your taxable income to INR 700,000. You pay no tax on the first INR 250,000 (basic exemption), then 5% on INR 250,000-500,000 (INR 12,500), and 20% on the remaining INR 200,000 (INR 40,000), totaling INR 52,500 before surcharges and health & education cess are applied.

What is the EPF contribution in India and does it reduce my taxable income?

Employees contribute 12% of their gross income to the Employees' Provident Fund (EPF), which is mandatory for establishments with 20 or more employees. This contribution is treated as a deductible social contribution, meaning it reduces your taxable income before income tax is calculated.

Is there a tax break if my total income is below a certain amount?

Yes, if your total income is INR 500,000 or less, you get a tax rebate of up to INR 12,500 (or your actual income tax, whichever is lower). Additionally, everyone gets a basic exemption limit of INR 250,000, meaning no income tax applies on the first INR 250,000 of income.

Do different states in India have different income tax rates?

The income tax brackets and rates are uniform across India, but some states charge a profession tax which is nominal and varies by state. This calculator does not include state-level profession taxes, so your actual liability may vary slightly depending on where you work.

At what income level does a surcharge apply on top of my income tax?

A surcharge begins to apply when your total income exceeds INR 5,000,000. The surcharge rates increase with higher income levels, ranging from 10% on income between INR 5-10 million up to 25% on income above INR 50 million. Additionally, a 4% health and education cess is applied on top of income tax and surcharges for all taxpayers.

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