Income Tax on ₹50 Lakh Salary in FY 2026-27
New regime: ₹10,99,800 including 4% cess (≈₹91,650/month TDS), no surcharge. Old regime even with home loan: ₹12,32,400. New wins by ~₹1.33 lakh.
including 4% cess • no surcharge (taxable ₹49.25L ≤ ₹50L) • resident individual under 60
Step-by-step calculation (new regime)
| Step | Amount |
|---|---|
| Gross salary | ₹50,00,000 |
| − Standard deduction (salaried) | ₹75,000 |
| Taxable income | ₹49,25,000 |
| ₹0–4L @ nil | ₹0 |
| ₹4–8L @ 5% | ₹20,000 |
| ₹8–12L @ 10% | ₹40,000 |
| ₹12–16L @ 15% | ₹60,000 |
| ₹16–20L @ 20% | ₹80,000 |
| ₹20–24L @ 25% | ₹1,00,000 |
| ₹24–49.25L @ 30% | ₹7,57,500 |
| Tax before cess | ₹10,57,500 |
| + 4% Health & Education Cess | ₹42,300 |
| Total tax | ₹10,99,800 |
Monthly TDS and in-hand salary
| Component (monthly) | Amount |
|---|---|
| Gross salary (₹50L ÷ 12) | ₹4,16,667 |
| − TDS (₹10,99,800 ÷ 12) | ₹91,650 |
| − Employee PF (structure-dependent) | ≈ ₹15,000–25,000 |
| − Professional tax | ₹200 |
| In-hand salary (approx) | ≈ ₹3.0–3.1 lakh |
New vs old regime — which wins at ₹50L?
| Regime | Taxable income | Total tax |
|---|---|---|
| New (₹75k std ded only) | ₹49,25,000 | ₹10,99,800 |
| Old (₹50k std + ₹1.5L 80C + ₹25k 80D + ₹2L home-loan interest) | ₹45,75,000 | ₹12,32,400 |
Tax on other salaries
By TaxSetu Editorial Team · Last reviewed: 7 October 2026
Based on the Income-tax Act 2025, Income Tax Rules 2026 and CBDT notifications; sections per the Income-tax Act 1961 (as amended) with 2025-Act mappings where notified · Verify on the official portal: incometax.gov.in
Keep Reading
Frequently Asked Questions
₹10,99,800 including 4% cess. Taxable income is ₹49,25,000 after the ₹75,000 standard deduction, and there is no surcharge since it stays under ₹50 lakh.
No — taxable income here is ₹49.25L, just under the ₹50L surcharge line. Cross ₹50L total income and a 10% surcharge applies (with marginal relief).
Yes — employer NPS contributions up to 14% of Basic+DA are deductible in the new regime under Section 125 (old 80CCD(2)), over and above the 80C limit.
Usually the new regime: ₹10,99,800 vs ~₹12,32,400 in the old regime even with 80C, 80D and ₹2L home-loan interest.