Note: To find out the exact take-home-salary, enter the exact salary numbers from your payslip/offer letter.
|Income tax slab||Taxable Rate|
|In come Up to 500,000/-||No Tax.|
|Income between Rs.500,001 - Rs.10,00,000/-||20% + 12500/- of (Taxable 5,00,000/-)|
|Income Between Rs.10,00,001 - Rs.50,00,000/-||1,12,500 + 30% (Taxable income 10,00,000/-)|
10% of income tax, if total income is between Rs.50,00,000/- and Rs.1,00,00,000/-
20% of income tax, if total income exceeds Rs.1,00,00,000/-
|Cess: 4% of total income tax + surcharge.|