Income tax on ₹10 lakh salary
Rules for FY 2026-27 · Checked 24 October 2026
On a ₹10 lakh salary you pay no income tax in the new regime for FY 2026-27. The old regime costs ₹1,06,600 with no deductions, or ₹69,700 with ₹1.5 lakh of 80C and ₹25,000 of 80D. It only matches the new regime once your deductions reach ₹4.5L.
- Tax a year (new)₹00% of salary
- Tax a month₹0Deducted as TDS
- Old regime, 80C + 80D₹69,700₹69.7k more
- You keep₹10LAfter income tax
How the new regime tax is worked out
| Step | Amount |
|---|---|
| Gross salary | ₹10,00,000 |
| Standard deduction | − ₹75,000 |
| Taxable income | ₹9,25,000 |
| 0 – 4,00,000 at 0% | ₹0 |
| 4,00,000 – 8,00,000 at 5% | ₹20,000 |
| 8,00,000 – 9,25,000 at 10% | ₹12,500 |
| Rebate (income up to ₹12 lakh) | − ₹32,500 |
| Cess (4%) | ₹0 |
| Total tax | ₹0 |
Old regime on a ₹10 lakh salary
| Deductions claimed | Taxable income | Tax |
|---|---|---|
| Standard deduction only | ₹9,50,000 | ₹1,06,600 |
| Plus 80C ₹1,50,000, 80D ₹25,000, professional tax | ₹7,72,600 | ₹69,700 |
To beat the new regime you would need about ₹4.5L of deductions in all, apart from the standard deduction: HRA, 80C, 80D, NPS and home loan interest together.
Tax on nearby salaries
Add your own deductions
Enter your HRA, investments and other income to see your exact tax under both regimes.
a year compared with the old regime, for FY 2026-27.
- Your tax is zero in the new regime.
- Your taxable income is under ₹12 lakh, so the ₹32,500 rebate cancels the tax.
- The old regime needs 2.73 lakh more in deductions to match the new one.
- You keep₹10,00,000
- Income tax₹0
How new regime tax adds up
- Gross income
- ₹10,00,000
- Standard deduction
- − ₹75,000
- Taxable income
- ₹9,25,000
| Income slab | Rate | Tax |
|---|---|---|
| 0 – 4,00,000 | 0% | ₹0 |
| 4,00,000 – 8,00,000 | 5% | ₹20,000 |
| 8,00,000 – 9,25,000 | 10% | ₹12,500 |
- Tax on slabs
- ₹32,500
- Rebate
- − ₹32,500
- Health and education cess (4%)
- ₹0
- Total tax (0% of income)
- ₹0
Resident individual, slab-rate income only. Capital gains are taxed separately. See the old vs new regime guide for how to choose.
Frequently asked questions
How much tax do I pay on a ₹10 lakh salary?
Nothing in the new regime for FY 2026-27. After the ₹75,000 standard deduction your taxable income is ₹12 lakh or less, so the rebate cancels the tax.
Which tax regime is better for a ₹10 lakh salary?
The new regime, unless your deductions apart from the standard deduction reach ₹4.5L. With ₹1.5 lakh of 80C and ₹25,000 of 80D the old regime costs ₹69,700.
What is the taxable income on a ₹10 lakh salary?
₹9,25,000 in the new regime, after the ₹75,000 standard deduction. In the old regime it is ₹9,50,000 before any other deduction.