Salaried tax slabs 2026-27
| Annual taxable salary | Tax |
|---|---|
| Up to Rs 600,000 | 0 |
| Rs 600,001 – Rs 1,200,000 | 1% of the amount above Rs 600,000 |
| Rs 1,200,001 – Rs 2,200,000 | Rs 6,000 + 11% above Rs 1,200,000 |
| Rs 2,200,001 – Rs 3,200,000 | Rs 116,000 + 20% above Rs 2,200,000 |
| Rs 3,200,001 – Rs 4,100,000 | Rs 316,000 + 25% above Rs 3,200,000 |
| Rs 4,100,001 – Rs 5,600,000 | Rs 541,000 + 29% above Rs 4,100,000 |
| Rs 5,600,001 – Rs 7,000,000 | Rs 976,000 + 32% above Rs 5,600,000 |
| Above Rs 7,000,000 | Rs 1,424,000 + 35% above Rs 7,000,000 |
Worked example: Rs 200,000 a month
Monthly salary Rs 200,000 (Rs 2.4 million a year)
The annual salary falls in the 20% slab: Rs 116,000 + 20% × Rs 200,000 = Rs 156,000 a year, or Rs 13,000 a month. Under last year’s 23% rate it would have been Rs 162,000.
- Take-home salary per month
- Rs 187,000
- Income tax per year
- Rs 156,0006.50% of salary
- Saving vs 2025-26
- Rs 6,000thanks to the Finance Act 2026 slabs
Your slab
- Taxable salary for the year
- Rs 2,400,000
- Slab
- Rs 2,200,000 and above: Rs 116,000 + 20% of the excess
- Tax for the year
- Rs 156,000
Monthly tax by salary (2026-27)
| Monthly salary | Tax per month | Take-home | Saving vs 2025-26 (year) |
|---|---|---|---|
| Rs 50,000 | Rs 0 | Rs 50,000 | – |
| Rs 100,000 | Rs 500 | Rs 99,500 | – |
| Rs 150,000 | Rs 6,000 | Rs 144,000 | – |
| Rs 200,000 | Rs 13,000 | Rs 187,000 | Rs 6,000 |
| Rs 300,000 | Rs 34,667 | Rs 265,333 | Rs 50,000 |
| Rs 500,000 | Rs 92,000 | Rs 408,000 | Rs 177,000 |
| Rs 1,000,000 | Rs 264,500 | Rs 735,500 | Rs 511,290 |
Medical allowance
A medical allowance of up to 10% of basic salary is exempt if your employer does not provide free treatment or reimburse medical bills. Enter it under More options to take it out of taxable salary.