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India Income Tax Calculator
India operates a modern simplified tax slab regime with progressive brackets up to 30% alongside Employee Provident Fund (EPF) 12% contributions.
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GLOBAL TAKE-HOME LEADERBOARD
Sorted from lowest tax burden (highest net) to highest tax burden
| Rank | Country | Net Take-Home | Effective Rate | Total Deductions |
|---|
Enter two salaries and pick a country to see who keeps more net cash per month
Income Tax Brackets & Social Security
| # | Taxable Band | Tax Rate |
|---|---|---|
| 1 | Up to ₹3,000 | 0.0% |
| 2 | ₹3,000 – ₹7,000 | 5.0% |
| 3 | ₹7,000 – ₹10,000 | 10.0% |
| 4 | ₹10,000 – ₹15,000 | 20.0% |
| 5 | Above ₹15,000 | 30.0% |
Frequently Asked Questions about Taxes in India
How does the Employee Provident Fund (EPF) work in India?
Salaried employees in eligible establishments contribute 12% of their basic salary towards the Employee Provident Fund for long-term retirement savings.
What is the difference between Old and New Tax Regimes in India?
The New Tax Regime provides lower tax slab rates with fewer deduction exemptions, whereas the Old Regime allows deductions like Section 80C and HRA.
Is there a rebate for lower income earners in India?
Yes, Section 87A rebate offers full tax exemption for resident individuals with taxable income below statutory threshold limits.
What is the standard deduction for salaried taxpayers in India?
Salaried employees enjoy a standard deduction (₹50,000 to ₹75,000 depending on budget updates) directly from gross salary.