Income tax calculator India
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
₹ 5,930
Provident Fund (PF)
- ₹ 712
Total tax
- ₹ 712
Net pay
*
₹ 5,218
Marginal tax rate
12.0%
Average tax rate
12.0%
88.0%
Net pay
12.0%
Total tax
Total tax
Net pay
The Taxberg
₹ 5,218
Net pay
₹ 712
Tax the employer pays
₹ 712
Tax you pay
Total tax paid
₹ 1,423
Did you know your employer also pays tax on your salary? It costs the employer ₹ 712 to pay you ₹ 5,930. 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 ₹ 142,320 a year living in India, you will be taxed ₹ 17,078. That means that your net pay will be ₹ 125,242 per year, or ₹ 10,437 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
North America
Country
Net pay
Average tax
Rank
Canada
INR 130730
8.1%
1
USA
INR 129993
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
INR 142320
0.0%
1
Singapore
INR 142320
0.0%
2
Hong Kong
INR 142320
0.0%
3
Pakistan
INR 141410
0.6%
4
Thailand
INR 135204
5.0%
5
Philippines
INR 133167
6.4%
6
Indonesia
INR 130539
8.3%
7
Taiwan
INR 129723
8.9%
8
South Korea
INR 127108
10.7%
9
New Zealand
INR 125398
11.9%
10
Malaysia
INR 125267
12.0%
11
India
INR 125242
12.0%
12
China
INR 123555
13.2%
13
Vietnam
INR 121008
15.0%
14
Japan
INR 115647
18.7%
15
Kazakhstan
INR 112717
20.8%
16
Show more
Latin America
Country
Net pay
Average tax
Rank
Mexico
INR 138940
2.4%
1
Brazil
INR 131646
7.5%
2
Puerto Rico
INR 131005
8.0%
3
Colombia
INR 130934
8.0%
4
Ecuador
INR 128871
9.5%
5
Guatemala
INR 128674
9.6%
6
Costa Rica
INR 127376
10.5%
7
Panama
INR 126665
11.0%
8
Peru
INR 124530
12.5%
9
Argentina
INR 118126
17.0%
10
Chile
INR 117272
17.6%
11
Uruguay
INR 116560
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
INR 140897
1.0%
1
Zambia
INR 133781
6.0%
2
Morocco
INR 132728
6.7%
3
Ivory Coast
INR 125491
11.8%
4
Kenya
INR 124278
12.7%
5
Cameroon
INR 120078
15.6%
6
Mozambique
INR 118767
16.6%
7
Uganda
INR 118730
16.6%
8
Senegal
INR 118312
16.9%
9
Ghana
INR 116361
18.2%
10
Angola
INR 111107
21.9%
11
Nigeria
INR 106262
25.3%
12
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Middle East
Country
Net pay
Average tax
Rank
Saudi Arabia
INR 142320
0.0%
1
United Arab Emirates
INR 135204
5.0%
2
Qatar
INR 135204
5.0%
3
Bahrain
INR 130935
8.0%
4
Oman
INR 130935
8.0%
5
Kuwait
INR 126665
11.0%
6
Israel
INR 123605
13.2%
7
Lebanon
INR 119896
15.8%
8
Egypt
INR 114834
19.3%
9
Turkey
INR 106270
25.3%
10
Show more
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.