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For an income of ₹75 lakh under the new tax regime for AY 2026-27, the total tax liability amounts to ₹20,93,520, which includes ₹18,30,000 in tax and ₹80,520 for health and education cess. The effective tax rate is 27.91%, assuming no deductions or exemptions are applied.
Note: Calculation assumes ₹75 lakh taxable income under the new tax regime for AY 2026–27, with no deductions/exemptions considered. Actual tax may vary based on income type, deductions, rebate, surcharge, and other applicable rules
Radhika Goyal is Author of Taxconcept Gurugram head office, for deeply reported tax, gst and income tax articles on issues that matter. He splits her time between New Delhi and Bengaluru, and has worked...
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