Set to a ₹18 lakh salary. Add your own income and deductions.
On ₹18 lakh the taxable income is ₹17.25 lakh after the standard deduction. The new regime charges ₹20,000 (5% of ₹4 to 8 lakh), ₹40,000 (10% of ₹8 to 12 lakh), ₹60,000 (15% of ₹12 to 16 lakh) and ₹25,000 (20% of the last ₹1.25 lakh): ₹1,45,000 in all, or ₹1,50,800 with 4% cess.
On ₹18 lakh the taxable income is ₹17.25 lakh after the standard deduction. The new regime charges ₹20,000 (5% of ₹4 to 8 lakh), ₹40,000 (10% of ₹8 to 12 lakh), ₹60,000 (15% of ₹12 to 16 lakh) and ₹25,000 (20% of the last ₹1.25 lakh): ₹1,45,000 in all, or ₹1,50,800 with 4% cess.
The old regime charges ₹3,51,000 with only the standard deduction, and still ₹2,34,000 with ₹3.75 lakh of deductions including home loan interest. You would need about ₹6.4 lakh of old-regime deductions to match the new regime.
Also searched as: income tax on 18 lakh salary, 18 lakh salary tax new regime, tax on 18 lakh income, 18 lakh ctc tax, 18 lakh income tax 2026-27.
About ₹12,567 a month in the new regime.
In the new regime the top slab reached is 20% (₹16 to 20 lakh). In the old regime it is 30% (above ₹10 lakh).
No. Surcharge starts only when taxable income is above ₹50 lakh.
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