Income tax calculator India
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₹ 5,000,000
Income Tax
- ₹ 1,312,500
surcharge_india
- ₹ 45,630
Health and Education Cess
- ₹ 54,325
Provident Fund (PF)
- ₹ 600,000
Total tax
- ₹ 2,012,455
Net pay
*
₹ 2,987,545
Marginal tax rate
72.9%
Average tax rate
40.2%
59.8%
Net pay
40.2%
Total tax
Total tax
Net pay
Summary
If you make ₹ 5,000,000 a year living in India, you will be taxed ₹ 2,012,455. That means that your net pay will be ₹ 2,987,545 per year, or ₹ 248,962 per month. Your average tax rate is 40.3% and your marginal tax rate is 72.9%. 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 ₹ 72.86, hence, your net pay will only increase by ₹ 27.14.
Bonus Example
A ₹ 1,000 bonus will generate an extra ₹ 271 of net incomes. A ₹ 5,000 bonus will generate an extra ₹ 1,357 of net incomes.
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.