Income tax calculator India

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₹ 2,020,000
Income Tax
- ₹ 418,500
Health and Education Cess
- ₹ 16,740
Provident Fund (PF)
- ₹ 242,400
Total tax
- ₹ 677,640
Net pay
* ₹ 1,342,360
Marginal tax rate
43.2%
Average tax rate
33.5%
66.5%
Net pay
33.5%
Total tax
Total tax
Net pay
The Taxberg
₹ 1,342,360
Net pay
₹ 242,400
Tax the employer pays
₹ 677,640
Tax you pay
Total tax paid
₹ 920,040
Did you know your employer also pays tax on your salary? It costs the employer ₹ 242,400 to pay you ₹ 2,020,000. In other words, every time you spend ₹ 10 of your hard-earned money, ₹ 4.55 goes to the government.
Real tax rate
40.7%
So, with you and the employer both paying tax, what used to be a 33.5% tax rate now rises to 40.7%, meaning your real tax rate is actually 7.2% higher than what it seemed at first.
People also ask
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Summary
If you make ₹ 2,020,000 a year living in India, you will be taxed ₹ 677,640. That means that your net pay will be ₹ 1,342,360 per year, or ₹ 111,863 per month. Your average tax rate is 33.6% and your marginal tax rate is 43.2%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of ₹ 100 in your salary will be taxed ₹ 43.20, hence, your net pay will only increase by ₹ 56.80.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 568 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 2,840 of net incomes.
Tax per income
₹ 1,905,000
₹ 1,910,000
₹ 1,915,000
₹ 1,920,000
₹ 1,925,000
₹ 1,930,000
₹ 1,935,000
₹ 1,940,000
₹ 1,945,000
₹ 1,950,000
₹ 1,955,000
₹ 1,960,000
₹ 1,965,000
₹ 1,970,000
₹ 1,975,000
₹ 1,980,000
₹ 1,985,000
₹ 1,990,000
₹ 1,995,000
₹ 2,000,000
North America
Country 
Net pay
Average tax
Rank
USA
INR 1693662
16.2%
1
Canada
INR 1500596
25.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
INR 1907307
5.6%
1
Taiwan
INR 1815278
10.1%
2
Thailand
INR 1804677
10.7%
3
Australia
INR 1786743
11.6%
4
South Korea
INR 1702574
15.7%
5
New Zealand
INR 1687599
16.5%
6
Pakistan
INR 1649223
18.4%
7
Indonesia
INR 1634651
19.1%
8
Kazakhstan
INR 1614155
20.1%
9
Malaysia
INR 1613605
20.1%
10
Japan
INR 1607635
20.4%
11
Singapore
INR 1599001
20.8%
12
Philippines
INR 1545859
23.5%
13
Vietnam
INR 1485758
26.5%
14
China
INR 1421547
29.6%
15
India
INR 1342360
33.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
INR 1826312
9.6%
1
Costa Rica
INR 1797515
11.0%
2
Puerto Rico
INR 1795634
11.1%
3
Ecuador
INR 1746577
13.5%
4
Colombia
INR 1696389
16.0%
5
Panama
INR 1667183
17.5%
6
Chile
INR 1630610
19.3%
7
Mexico
INR 1590791
21.3%
8
Peru
INR 1550937
23.2%
9
Brazil
INR 1511794
25.2%
10
Uruguay
INR 1471970
27.1%
11
Argentina
INR 1312414
35.0%
12
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NOTE* Withholding is calculated based on the tables of India, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.