Income Tax on ₹50 Lakh Salary
FY 2026-27 · New vs old regime
₹10,99,800 tax (new regime)
For a salaried person earning ₹50 Lakh a year in FY 2026-27, income tax is ₹10,99,800 under the new regime and ₹13,02,600 under the old regime (assuming ₹1.5 lakh of deductions like 80C). You save ₹2,02,800 with the new regime. In-hand pay is about ₹3,25,017 a month before PF and other deductions.
Tax at other salaries (FY 2026-27)
| Salary | New regime | Old regime* |
|---|---|---|
| ₹7 Lakh | ₹0 | ₹0 |
| ₹10 Lakh | ₹0 | ₹75,400 |
| ₹12 Lakh | ₹0 | ₹1,17,000 |
| ₹12.75 Lakh | ₹0 | ₹1,40,400 |
| ₹15 Lakh | ₹97,500 | ₹2,10,600 |
| ₹18 Lakh | ₹1,50,800 | ₹3,04,200 |
| ₹20 Lakh | ₹1,92,400 | ₹3,66,600 |
| ₹25 Lakh | ₹3,19,800 | ₹5,22,600 |
| ₹30 Lakh | ₹4,75,800 | ₹6,78,600 |
| ₹50 Lakh | ₹10,99,800 | ₹13,02,600 |
*Old regime assumes ₹1.5 lakh deductions. Includes standard deduction and 4% cess.
Try your own numbers
Tax payable · New regime is better
₹10,99,800
You save ₹2,02,800 with the new regime
- New regime tax
- ₹10,99,800
- Old regime tax
- ₹13,02,600
- Taxable income (new)
- ₹49,25,000
- Taxable income (old)
- ₹48,00,000
- Monthly tax (new)
- ₹91,650
- Effective tax rate
- 22%
- In-hand per month (approx.)
- ₹3,25,017
Estimate for resident individuals, FY 2026-27. Check with a CA before filing.
How it worksNew regime: ₹75,000 standard deduction, slabs from 5% to 30%, no tax up to ₹12 lakh taxable (87A). Old regime: ₹50,000 standard deduction plus your deductions. 4% cess on both.