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Income-tax calculator AY 2025-26: How much tax you have to pay on ₹10 lakh to ₹50 lakh in new tax regime
4 min read | Updated on January 31, 2025, 14:31 IST
SUMMARY
Income tax calculator for Assessment Year (AY) 2025-26: As the Budget speech on February 1, 2025, approaches, salaried individuals are eagerly anticipating income tax rebates. In recent weeks, several reports and experts have suggested that Finance Minister Nirmala Sitharaman may adjust income-tax slabs and rates under the new tax regime.
Know tax on ₹10 lakh to ₹50 lakh income. | Image source: Shutterstock
Meanwhile, salaried and other individual taxpayers, whose accounts don't need to be audited, will file their income-tax returns (ITR) for the financial year 2024-25 or AY 2025-26 this year, starting from mid of June. The due date of ITR filing for such taxpayers is July 31, 2025.
Income-tax on ₹50 lakh salary under new tax regime
For AY 2025-26, the new tax regime offers a standard deduction of ₹75,000 for salaried employees. Assuming no other deductions, the final tax to be paid by an individual with a taxable salary of ₹50 lakh will be around ₹12.14 lakh, including cess and surcharge.
| Gross total income | ₹49,25,000 |
|---|---|
| Total taxable Income | ₹49,25,000 |
| Income tax slab | >= ₹15,00,001 |
| Tax payable after rebate/surcharge | ₹11,67,499 |
| Final tax payable (Includes health and education cess) | ₹12,14,199 |
Income-tax on ₹40 lakh salary under new tax regime
For AY 2025-26, assuming no other deductions, the final tax to be paid by an individual with a taxable salary of ₹40 lakh will be around ₹9 lakh, including cess and surcharge.
| Gross total income | ₹39,25,000 |
|---|---|
| Total taxable Income | ₹39,25,000 |
| Income tax slab | >= ₹15,00,001 |
| Tax payable after rebate/surcharge | ₹8,67,499 |
| Final tax payable (Includes health and education cess) | ₹9,02,199 |
Income-tax on ₹30 lakh salary under new tax regime
For AY 2025-26, assuming no other deductions, the final tax to be paid by an individual with a taxable salary of ₹30 lakh will be around ₹5.9 lakh, including cess and surcharge.
| Gross total income | ₹29,25,000 |
|---|---|
| Total taxable Income | ₹29,25,000 |
| Income tax slab | >= ₹15,00,001 |
| Tax payable after rebate/surcharge | ₹5,67,499 |
| Final tax payable (Includes health and education cess) | ₹5,90,199 |
Income-tax on ₹20 lakh salary under new tax regime
For AY 2025-26, assuming no other deductions, the final tax to be paid by an individual with a taxable salary of ₹20 lakh will be around ₹2.78 lakh, including cess and surcharge.
| Gross total income | ₹19,25,000 |
|---|---|
| Total taxable Income | ₹19,25,000 |
| Income tax slab | >= ₹15,00,001 |
| Tax payable after rebate/surcharge | ₹2,67,499 |
| Final tax payable (Includes health and education cess) | ₹2,78,199 |
Income-tax on ₹10 lakh salary under new tax regime
For AY 2025-26, assuming no other deductions, the final tax to be paid by an individual with a taxable salary of ₹10 lakh will be around ₹44,200, including cess and surcharge.
| Gross total income | ₹9,25,000 |
|---|---|
| Total taxable Income | ₹9,25,000 |
| Income tax slab | ₹7,00,001 - ₹10,00,000 |
| Tax payable after rebate/surcharge | ₹42,500 |
| Final tax payable (Includes health and education cess) | ₹44,200 |
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