Income tax calculator India
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₹ 20,417
Provident Fund (PF)
- ₹ 2,450
Total tax
- ₹ 2,450
Net pay
*
₹ 17,967
Marginal tax rate
12.0%
Average tax rate
12.0%
88.0%
Net pay
12.0%
Total tax
Total tax
Net pay
The Taxberg
₹ 17,967
Net pay
₹ 2,450
Tax the employer pays
₹ 2,450
Tax you pay
Total tax paid
₹ 4,900
Did you know your employer also pays tax on your salary? It costs the employer ₹ 2,450 to pay you ₹ 20,417. In other words, every time you spend ₹ 10 of your hard-earned money, ₹ 2.40 goes to the government.
Real tax rate
21.4%
So, with you and the employer both paying tax, what used to be a 12% tax rate now rises to 21.4%, meaning your real tax rate is actually 9.4% higher than what it seemed at first.
Summary
If you make ₹ 20,417 a year living in India, you will be taxed ₹ 2,450. That means that your net pay will be ₹ 17,967 per year, or ₹ 1,497 per month. Your average tax rate is 12.0% and your marginal tax rate is 12.0%. 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 ₹ 12, hence, your net pay will only increase by ₹ 88.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 880 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 4,400 of net incomes.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
United Kingdom
INR 20417
0.0%
1
Germany
INR 20417
0.0%
2
Austria
INR 20417
0.0%
3
Ireland
INR 20417
0.0%
4
Sweden
INR 20417
0.0%
5
Norway
INR 20417
0.0%
6
Spain
INR 19121
6.4%
7
Italy
INR 18541
9.2%
8
France
INR 18436
9.7%
9
Czech Republic
INR 18171
11.0%
10
Luxembourg
INR 18161
11.1%
11
Russia
INR 17763
13.0%
12
Switzerland
INR 16699
18.2%
13
Hungary
INR 16640
18.5%
14
Ukraine
INR 16436
19.5%
15
Poland
INR 16032
21.5%
16
Greece
INR 15956
21.9%
17
Portugal
INR 15200
25.6%
18
Finland
INR 14139
30.8%
19
Belgium
INR 13884
32.0%
20
Netherlands
INR 12850
37.1%
21
Romania
INR 11944
41.5%
22
Denmark
INR 5189
75.4%
23
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North America
Country
Net pay
Average tax
Rank
Canada
INR 20094
1.6%
1
USA
INR 18649
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
INR 20417
0.0%
1
Singapore
INR 20417
0.0%
2
Hong Kong
INR 20417
0.0%
3
Pakistan
INR 19507
4.5%
4
Thailand
INR 19396
5.0%
5
Indonesia
INR 18620
8.8%
6
Taiwan
INR 18610
8.9%
7
South Korea
INR 18235
10.7%
8
New Zealand
INR 17989
11.9%
9
India
INR 17967
12.0%
10
China
INR 17725
13.2%
11
Malaysia
INR 17528
14.2%
12
Vietnam
INR 17360
15.0%
13
Philippines
INR 17204
15.7%
14
Japan
INR 16591
18.7%
15
Kazakhstan
INR 16170
20.8%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
INR 19932
2.4%
1
Brazil
INR 18886
7.5%
2
Puerto Rico
INR 18794
8.0%
3
Colombia
INR 18784
8.0%
4
Ecuador
INR 18488
9.5%
5
Guatemala
INR 18459
9.6%
6
Costa Rica
INR 18273
10.5%
7
Panama
INR 18171
11.0%
8
Peru
INR 17865
12.5%
9
Argentina
INR 16946
17.0%
10
Chile
INR 16824
17.6%
11
Uruguay
INR 16722
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
INR 20213
1.0%
1
Uganda
INR 19396
5.0%
2
Ghana
INR 19294
5.5%
3
Zambia
INR 19192
6.0%
4
Morocco
INR 19041
6.7%
5
Ivory Coast
INR 18886
7.5%
6
Senegal
INR 18538
9.2%
7
Kenya
INR 17528
14.2%
8
Angola
INR 17395
14.8%
9
Cameroon
INR 17226
15.6%
10
Mozambique
INR 17054
16.5%
11
Nigeria
INR 16810
17.7%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
INR 20417
0.0%
1
Saudi Arabia
INR 20417
0.0%
2
United Arab Emirates
INR 19396
5.0%
3
Qatar
INR 19396
5.0%
4
Bahrain
INR 18784
8.0%
5
Oman
INR 18783
8.0%
6
Lebanon
INR 18629
8.8%
7
Kuwait
INR 18171
11.0%
8
Israel
INR 17732
13.2%
9
Turkey
INR 17199
15.8%
10
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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.