🇮🇳 Income Tax Calculator India 2026
Calculate your income tax in India: New Tax Regime 2024-25
~0 EUR | ~$0
₹0
~0 EUR~$0
Effective rate: 0%
₹0
EPF: 12% employee contribution
₹0
~0 EUR~$0
Monthly: ₹0 (~0 EUR~$0)
Income Distribution
Effective total rate: 0%
1. Income Tax (~₹52,500)
New regime (2026):
₹0 - ₹300,000: 0%
₹300,000 - ₹700,000: 5%
₹700,000 - ₹1,000,000: 10%
Total: ~₹52,500
2. EPF & ESI (~₹24,000)
EPF (12%): ₹21,600 (capped)
ESI (0.75%): if eligible
Total: ~₹24,000
That is ~₹76,958/month | Effective rate: ~7.65%
EPF (Provident Fund)
- Employee: 12%
- Employer: 12%
- Ceiling: ₹15,000/month
ESI (Insurance)
- Employee: 0.75%
- Employer: 3.25%
- If salary < ₹21,000/month
🇮🇳 Complete Guide to Indian Taxation
India offers two tax regimes to choose from: the old regime with multiple deductions or the new simplified regime with lower rates. With progressive rates from 5% to 30%, India offers very low cost of living and a dynamic tech ecosystem (Bangalore, Hyderabad, Mumbai).
New Tax Regime 2026 (Simplified)
Default regime since 2023 - Lower rates but no deductions
| Annual Income (₹) | Rate | USD Equiv. |
|---|---|---|
| 0 - ₹3,00,000 | 0% | 0 - $3,600 |
| ₹3,00,000 - ₹6,00,000 | 5% | $3.6k - $7.2k |
| ₹6,00,000 - ₹9,00,000 | 10% | $7.2k - $10.8k |
| ₹9,00,000 - ₹12,00,000 | 15% | $10.8k - $14.4k |
| ₹12,00,000 - ₹15,00,000 | 20% | $14.4k - $18k |
| Above ₹15,00,000 | 30% | > $18k |
+ 4% Cess on total tax (Health & Education Cess)
Old Regime vs New Regime
Old Regime
- Higher rates (5% to 30%)
- Many deductions (80C, 80D, HRA...)
- Better if high deductions apply
- Section 80C: up to ₹1.5 lakh
New Regime (2023+)
- Lower and simpler rates
- No deductions (except ₹50k standard)
- Ideal for expatriates
- Default since FY 2023-24
Tech Hubs in India
India vs France Comparison
| Criteria | 🇮🇳 India | 🇫🇷 France |
|---|---|---|
| Maximum tax rate | 30% + 4% cess | 45% |
| Tax-free threshold | ₹3 lakh (~$3,600) | ~$12,000 |
| Cost of living | -60-70% | Reference |
| IT salary (senior) | ₹20-50 lakh (~$24-60k) | $55-90k |
| Tax treaty | Yes (1992) | - |
Why Choose India?
Important Considerations
- Work visa: Employment Visa requires minimum salary of $25,000/year
- Bureaucracy: Administrative procedures can be lengthy
- Infrastructure: Varies by city
- Climate: Intense heat and monsoon in some regions
India has a progressive tax system with optional simplified regime options. Compare with South Asian and Southeast Asian economies.