FY 2025–26 & FY 2026–27 Tax Slabs
Income Tax on ₹50 Lakh Salary (New vs Old Regime)
Complete tax ledger, deduction breakdown, and monthly TDS computation for an annual income of ₹50,00,000.
New Tax Regime Recommended
₹12,14,200 total tax
Monthly TDS deduction: ₹1,01,183/mo
Standard Deduction §16(ia) − ₹75,000
Taxable Income ₹49,25,000
Rebate u/s 87A ₹0
Health & Education Cess (4%) ₹46,700
Old Tax Regime Without Deductions
₹13,49,400 total tax
Monthly TDS deduction: ₹1,12,450/mo
Tax Savings Verdict: Choosing the New Tax Regime saves you ₹1,35,200 annually on a ₹50 Lakh income!
Slab-wise Tax Computation (New Regime)
| Slab Bracket | Tax Rate | Taxable in Bracket | Tax Amount |
|---|---|---|---|
| ₹1 – ₹3,00,000 | 0% | ₹3,00,000 | ₹0 |
| ₹3,00,001 – ₹7,00,000 | 5% | ₹4,00,000 | ₹20,000 |
| ₹7,00,001 – ₹10,00,000 | 10% | ₹3,00,000 | ₹30,000 |
| ₹10,00,001 – ₹12,00,000 | 15% | ₹2,00,000 | ₹30,000 |
| ₹12,00,001 – ₹15,00,000 | 20% | ₹3,00,000 | ₹60,000 |
| Above ₹15,00,000 | 30% | ₹34,25,000 | ₹10,27,500 |
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