Note: To find out the exact take-home-salary, enter the exact salary numbers from your payslip/offer letter.

Income Tax applicable on Salary for Financial year 2019-20 Or Assessment year 2020-21

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/-)
Surcharge:
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.