Income Tax on ₹50 Lakh Salary — New Regime Calculator
On ₹50 lakh income under new regime: tax is ₹10,62,500, cess ₹42,500, total ₹11,05,000. Effective tax rate: 22.1%. Note: surcharge of 10% applies on income above ₹50 lakh.
Standard deduction of ₹75,000 already available under new regime
Income Tax
₹1,05,000
Health & Education Cess (4%)
₹4,200
Total Tax Payable
₹1,09,200
Effective Tax Rate
7.28%
New Regime Tax Slabs (FY 2025-26)
| Income Range | Tax Rate |
|---|---|
| ₹0 – ₹4L | Nil |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
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Calculated with CalcHub