Skip to main content
coinmind
FY 2026-27 · New regime

Income Tax on ₹10 Lakh Salary

Exactly how much income tax you pay on a ₹10 Lakh annual salary in India under the new tax regime for FY 2026-27 (AY 2027-28), with a full slab-by-slab breakdown and your monthly take-home.

Last reviewed 4 September 2026 against the FY 2026-27 slabs, surcharge bands and standard deduction.

Quick answer

On a ₹10 Lakh salary under the new tax regime for FY 2026-27, you pay no income tax (₹0), an effective rate of 0%. Your monthly take-home is about ₹83,333.

Tax breakdown on ₹10 Lakh

Gross annual salary₹10,00,000
Standard deduction− ₹75,000
Taxable income₹9,25,000
Tax before rebate₹32,500
Section 87A rebate− ₹32,500
Health & education cess (4%)₹0
Effective tax rate0%
Monthly in-hand (approx.)₹83,333
Total income tax payable₹0

Figures use the new-regime slabs for FY 2026-27, a ₹75,000 standard deduction and the 4% cess. See the income tax calculator to vary the inputs. In-hand is before EPF and professional tax.

How the tax is calculated on ₹10 Lakh

The new regime taxes your income in slabs. After the ₹75,000 standard deduction, your taxable income of ₹9,25,000 is split across these slabs, and each part is taxed at its own rate:

Income slabRateTax
₹0 - ₹4,00,0000%₹0
₹4,00,000 - ₹8,00,0005%₹20,000
₹8,00,000 - ₹9,25,00010%₹12,500
Tax before rebate₹32,500

Because your taxable income stays within ₹12,00,000, the Section 87A rebate wipes out this entire amount, so the tax before cess is ₹0. With nothing to add cess to, the total income tax on a ₹10 Lakh salary comes to ₹0.

Old regime vs new regime at ₹10 Lakh

Income tax on a ₹10 Lakhsalary under the new regime and the old regime for FY 2026-27, with no deductions beyond each regime’s standard deduction.
ItemNew regimeOld regime
Standard deduction₹75,000₹50,000
Taxable income₹9,25,000₹9,50,000
Slab tax₹32,500₹1,02,500
Section 87A rebate− ₹32,500₹0
Health & education cess (4%)₹0₹4,100
Total tax payable₹0₹1,06,600

Both columns assume no deductions beyond each regime’s own standard deduction, which is ₹75,000 under the new regime and ₹50,000 under the old one.

Assuming no deductions beyond the standard deduction, the new regime saves you ₹1,06,600 on a ₹10 Lakh salary. The old regime can still win if you claim big deductions (full 80C, 80D, HRA and home-loan interest) because it taxes at higher rates but rewards those deductions. If your deductions are modest, the new regime is almost always the cheaper choice.

Adjust the numbers yourself

Change the salary or add old-regime deductions to see how your tax and in-hand pay shift in real time.

Your income

FY 2026-27 · India · below 60 years · salaried

₹
₹

80C, 80D, home-loan interest, HRA etc. The new regime ignores most of these but has a lower rate structure.

✓

The New regime saves you ₹97,500 in tax this year.

New Regime

Recommended

Total tax payable

₹97,500

Taxable income: ₹14,25,000

Old Regime

Total tax payable

₹1,95,000

Taxable income: ₹12,50,000

Want the full picture?

Compare both regimes side by side and see which one saves you more.

Open Income Tax Calculator

Frequently asked questions

Is a ₹10 Lakh salary taxable?+

A ₹10 Lakh annual salary falls in the taxable range, but under the new tax regime for FY 2026-27 you actually pay ₹0. After the ₹75,000 standard deduction your taxable income is ₹9,25,000, which is within the ₹12,00,000 Section 87A rebate limit, so the tax is fully rebated.

How much income tax do I pay on 10 LPA in the new regime?+

On a ₹10 Lakh salary you pay ₹0 in income tax for FY 2026-27 under the new regime, an effective rate of about 0% of your gross salary.

What is the monthly in-hand salary on ₹10 Lakh per year?+

Your gross monthly salary is roughly ₹83,333. After income tax of ₹0 a year, the take-home is about ₹83,333 a month. This is before EPF, professional tax and any other payroll deductions your employer applies.

New regime or old regime - which is better for a ₹10 Lakh salary?+

With no deductions beyond the standard deduction, the new regime (₹0) beats the old regime (₹1,06,600) at this income. The old regime only pulls ahead if you claim large deductions such as 80C, 80D, home-loan interest and HRA. Use the calculator below with your actual deductions to confirm.

What is the standard deduction on a ₹10 Lakh salary?+

₹75,000 under the new regime for FY 2026-27, and it is applied automatically for salaried taxpayers before the slabs are worked out. On your ₹10 Lakh salary it brings the figure the slabs are applied to down to ₹9,25,000. The old regime gives ₹50,000 instead, which is one reason the two regimes are not directly comparable on slab rates alone.

How is the Section 87A rebate applied at ₹10 Lakh?+

The rebate is applied after the slab tax is calculated and before the cess. Your taxable income of ₹9,25,000 stays within the ₹12,00,000 limit, so the ₹32,500 of slab tax is rebated in full. With nothing left to charge cess on, the total payable is ₹0. Note that the rebate is tested on taxable income, not on your gross salary, which is why the ₹75,000 standard deduction effectively lifts the threshold on a salary.

What is the effective tax rate on ₹10 Lakh?+

0%, which is ₹0 of tax measured against the full ₹10 Lakh gross salary. It sits below the highest slab rate you reach because the new regime taxes income in bands: only the portion above each threshold is charged at that band's rate, and the first slice after the standard deduction is taxed at nothing at all.

How much tax is deducted from my salary each month at ₹10 Lakh?+

Nothing, if the new regime figures on this page match your situation. Because the Section 87A rebate takes the liability to zero, there is no monthly TDS to deduct on a ₹10 Lakh salary. Your employer may still deduct if you have declared other income, so check your payslip against the ₹83,333 figure above.

What is surcharge and does it apply on a ₹10 Lakh salary?+

Surcharge is an extra charge on the income tax itself rather than on your income, and it does not apply here. It starts only once taxable income passes ₹50 lakh, and yours is ₹9,25,000, below that line, so the ₹0 on this page is slab tax plus the 4% health and education cess and nothing else. For reference, above the threshold the new regime charges 10% of the tax up to ₹1 crore of income, 15% up to ₹2 crore and 25% beyond that, and marginal relief caps the charge so that crossing a threshold never costs more in extra tax than the income earned above it.

Do I still need to file a return on a ₹10 Lakh salary?+

Very likely yes. Paying zero tax is not the same as being exempt from filing: the filing requirement is generally tested on gross income before deductions and rebate, so a return is usually still due even when the Section 87A rebate wipes out the liability. Filing is also what lets you claim back any TDS your employer or bank has already deducted. Check the current filing thresholds on the Income Tax Department website before deciding.

Tax on other salaries

A note on accuracy: these figures are estimates for a salaried individual below 60 under the new regime for FY 2026-27. They include the slab tax, the Section 87A rebate, surcharge with marginal relief above ₹50 lakh of taxable income, and the 4% health and education cess. They exclude income from other sources, capital gains, any employer perquisites and any relief under a double-taxation treaty, each of which can change the result. Rules last checked 4 September 2026. This is general educational information, not tax advice. Confirm your own position with a professional before filing.