India

Individual - Sample personal income tax calculation

Last reviewed - 29 April 2025

Following is the example of computation of taxable income for an individual (below the age of 60 years) as per the APTR.

Tax computation	INR	INR
Base salary	5,000,000
Allowance	2,000,000
Taxable perquisites	1,000,000

Total salary and allowances (net of standard deduction of 75,000)		7,925,000

Income from house property	500,000
Short-term capital gain from immovable property	2,000,000
Long-term capital gain from immovable property	500,000
		3,000,000

Total taxable income		10,925,000

Tax liability on income (other than long-term capital gains):
Up to 400,000	0
400,001 to 800,000 (400,000 at 5%)	20,000
800,001 to 1,200,000 (400,000 at 10%)	40,000
1,200,001 to 1,600,000 (400,000 at 15%)	60,000
1,600,001 to 2,000,000 (400,000 at 20%)	80,000
2,000,001 to 2,400,000 (400,000 at 25%)	100,000
2,400,001 and above (8,025,000 at 30%)	2,407,500

Subtotal tax		2,707,500

Add: 12.5% tax on long-term capital gains (500,000)		62,500

Total tax		2,770,000

Add: Surcharge (15% if income [other than long-term capital gains] is between INR 10 million and INR 20 million; and 15% on long-term capital gains)		415,500
Add: Health and education cess at 4% (on tax and surcharge)		16,620

Total tax liability		3,202,120