Income Tax on ₹60 lakh Salary
Tax year 2026-27 · new vs old regime
Tax a year, new regime
₹15,52,980
On a salary of ₹60 lakh (₹60,00,000) the income tax for 2026-27 is ₹15,52,980 under the new regime — 25.9% of the salary — leaving about ₹3,70,585 a month before provident fund. Under the old regime it is ₹18,27,540 with no deductions, or ₹17,76,060 with ₹1.5 lakh of 80C investments.
| New regime | Old regime (₹1,50,000 deductions) | |
|---|---|---|
| Gross income | ₹60,00,000 | ₹60,00,000 |
| Standard deduction | −₹75,000 | −₹50,000 |
| Other deductions (80C, 80D…) | ₹0 | −₹1,50,000 |
| Taxable income | ₹59,25,000 | ₹58,00,000 |
| Tax on slabs | ₹13,57,500 | ₹15,52,500 |
| Rebate / marginal relief | ₹-0 | ₹-0 |
| Surcharge | ₹1,35,750 | ₹1,55,250 |
| Cess (4%) | ₹59,730 | ₹68,310 |
| Total tax | ₹15,52,980 | ₹17,76,060 |
| Take-home (year, before PF) | ₹44,47,020 | ₹42,23,940 |
| Take-home (month, before PF) | ₹3,70,585 | ₹3,51,995 |
₹47 lakh₹48 lakh₹49 lakh₹50 lakh₹75 lakh₹1 crore
Frequently asked questions
How much income tax on a ₹60 lakh salary?
₹15,52,980 a year under the new regime (25.9%), including 4% cess — about ₹1,29,415 a month.
What is the in-hand salary on ₹60 lakh?
About ₹3,70,585 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 ₹60 lakh?
With ₹1.5 lakh of 80C deductions the old regime tax is ₹17,76,060, against ₹15,52,980 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.