Income Tax on ₹1 crore Salary
Tax year 2026-27 · new vs old regime
Tax a year, new regime
₹29,25,780
On a salary of ₹1 crore (₹1,00,00,000) the income tax for 2026-27 is ₹29,25,780 under the new regime — 29.3% of the salary — leaving about ₹5,89,518 a month before provident fund. Under the old regime it is ₹32,00,340 with no deductions, or ₹31,48,860 with ₹1.5 lakh of 80C investments.
| New regime | Old regime (₹1,50,000 deductions) | |
|---|---|---|
| Gross income | ₹1,00,00,000 | ₹1,00,00,000 |
| Standard deduction | −₹75,000 | −₹50,000 |
| Other deductions (80C, 80D…) | ₹0 | −₹1,50,000 |
| Taxable income | ₹99,25,000 | ₹98,00,000 |
| Tax on slabs | ₹25,57,500 | ₹27,52,500 |
| Rebate / marginal relief | ₹-0 | ₹-0 |
| Surcharge | ₹2,55,750 | ₹2,75,250 |
| Cess (4%) | ₹1,12,530 | ₹1,21,110 |
| Total tax | ₹29,25,780 | ₹31,48,860 |
| Take-home (year, before PF) | ₹70,74,220 | ₹68,51,140 |
| Take-home (month, before PF) | ₹5,89,518 | ₹5,70,928 |
₹49 lakh₹50 lakh₹60 lakh₹75 lakh
Frequently asked questions
How much income tax on a ₹1 crore salary?
₹29,25,780 a year under the new regime (29.3%), including 4% cess — about ₹2,43,815 a month.
What is the in-hand salary on ₹1 crore?
About ₹5,89,518 a month after income tax under the new regime. Your actual in-hand pay will be lower by provident fund and professional tax, which depend on your employer and state.
Is the new or old regime better at ₹1 crore?
With ₹1.5 lakh of 80C deductions the old regime tax is ₹31,48,860, against ₹29,25,780 under the new regime — the new regime is cheaper unless you have large HRA or home-loan deductions.
Rates for tax year 2026-27 (FY 2026-27, Income-tax Act 2025) — Finance Bill 2026 — Memorandum (rates of income-tax); Income Tax Department — tax slabs for individuals; PIB — No income tax up to ₹12 lakh under the new regime. The Finance Bill 2026 proposed no change to these rates. Covers salary and other normal income only (not special rates on capital gains); includes 4% health and education cess, surcharge above ₹50 lakh and marginal relief. An estimate, not tax advice.