The income tax on a ₹30 lakh salary is about ₹4,75,799 under the new regime for FY 2026-27. That's an effective rate of 15.9% — roughly ₹39,650 deducted as TDS each month — after the ₹75,000 standard deduction.
Earning ₹30 lakh a year? Under the new tax regime for FY 2026-27 your income tax works out to about ₹4,75,799 — an effective rate of just 15.9%, even though your top slab is higher. The breakdown below shows exactly how much is charged in each slab, so there are no surprises on your payslip.
| Gross salary | ₹30,00,000 |
| Standard deduction | − ₹75,000 |
| Taxable income | ₹29,25,000 |
| Tax before cess | ₹4,57,499 |
| Health & education cess (4%) | ₹18,300 |
| Total income tax | ₹4,75,799 |
| Effective tax rate | 15.9% |
| Approx. monthly TDS | ₹39,650 |
| Income slab | Rate | Tax on this slab |
|---|---|---|
| ₹4,00,000 – ₹8,00,000 | 5% | ₹20,000 |
| ₹8,00,000 – ₹12,00,000 | 10% | ₹40,000 |
| ₹12,00,000 – ₹16,00,000 | 15% | ₹60,000 |
| ₹16,00,000 – ₹20,00,000 | 20% | ₹80,000 |
| ₹20,00,000 – ₹24,00,000 | 25% | ₹1,00,000 |
| Above ₹24,00,000 | 30% | ₹1,57,500 |
| Health & education cess | 4% | ₹18,300 |
| Total income tax | ₹4,75,799 |
These figures use the new tax regime introduced in Budget 2025 and left unchanged by Budget 2026 — so they are valid for both FY 2026-27 (AY 2026-27, the return you file in 2026) and the current FY 2026-27: a ₹75,000 standard deduction for salaried taxpayers; slabs of nil up to ₹4 lakh, 5% (₹4–8L), 10% (₹8–12L), 15% (₹12–16L), 20% (₹16–20L), 25% (₹20–24L) and 30% above ₹24 lakh; a 4% health & education cess; and a Section 87A rebate that makes taxable income up to ₹12 lakh fully tax-free. At ₹30 lakh, enough of your income sits in the 20%+ slabs that the old regime is genuinely worth comparing if you have real deductions to claim — HRA in a metro city, home-loan interest, and full 80C/80D together can realistically cross the ₹4–5 lakh break-even at this income level. Use the interactive income tax calculator to compare both regimes for your exact numbers.
Under the new regime for FY 2026-27, the income tax on a ₹30 lakh salary is about ₹4,75,799 (including 4% cess) — an effective rate of 15.9%.
No. A ₹30 lakh salary is above the ₹12.75 lakh tax-free threshold, so tax applies. Only salaries up to ₹12.75 lakh are fully tax-free under the new regime for FY 2026-27.
For most people at ₹30 lakh with ordinary deductions, the new regime is cheaper and simpler. The old regime only wins if you can claim large deductions — typically over ₹4–5 lakh combined (full 80C, 80D, HRA and home-loan interest). Compare both with the income tax calculator before you declare.