Income Tax on ₹10 Lakh Salary: Calculator Scenario

At ₹10,00,000 gross, new-regime tax is ₹0 and old-regime tax is ₹45,240

At a gross annual salary of ₹10.00 L, your tax liability depends on which regime you choose and the deductions you can claim. Under the new regime, Section 87A rebate completely eliminates your tax, giving you a monthly take-home of ₹83,333.

The 87A rebate zeroes the new-regime bill at ₹10,00,000 gross

• Standard deduction: ₹75,000 (new) or ₹50,000 (old): automatically applied
• Section 87A rebate makes tax zero under new regime at this income
• New regime is simpler: no investment proofs or paperwork needed
• 4% Health & Education Cess applies on top of computed tax

From ₹10,00,000 gross, the new regime's ₹75,000 standard deduction leaves ₹9,25,000 taxable

1. Start with gross salary: ₹10.00 L
2. Subtract standard deduction (₹75K new / ₹50K old) + other deductions (old only)
3. Apply progressive tax slabs to taxable income
4. Check if Section 87A rebate applies (taxable ≤ ₹12L new / ₹5L old)
5. Add 4% cess on final tax amount