Tax on ₹10 Lakh Salary: Complete New vs Old Regime Calculation
For a salaried employee earning ₹10 Lakh CTC in AY 2026-27, New Regime tax is ₹0 due to the enhanced ₹12 Lakh Section 87A rebate.
Key Financial Takeaways
- Gross Income: ₹10,00,000. Standard Deduction: ₹75,000. Net Taxable Income: ₹9,25,000.
- New Regime Tax before rebate is ₹32,500, which is 100% wiped out by Section 87A rebate (Net Tax = ₹0).
- Old Regime Tax without deductions is ₹1,17,000 — New Regime saves the entire amount effortlessly!
Calculate Tax on ₹10 Lakh
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Detailed Slab Math on ₹10 Lakh Salary (New Regime AY 2026-27)
₹0 to ₹4,00,000 @ 0% = ₹0
₹4,00,000 to ₹8,00,000 @ 5% = ₹20,000
₹8,00,000 to ₹9,25,000 @ 10% = ₹12,500
Total Tax before rebate = ₹32,500
Less Section 87A Rebate = -₹32,500
Net Tax Payable = ₹0
Frequently Asked Questions
Do I have to file ITR if my tax is ₹0 on ₹10L salary?
Yes, you must file ITR because your gross income exceeds the basic exemption limit of ₹4,00,000, even though net tax payable is ₹0 after Section 87A rebate.
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