India Financial Tools
Active 2026 tax engine configurations with local compliance factors.
Gross Base Income
Specify salary rate
Residency & Tax Demographics
Fine tune statutory calculations
USD Benchmarking
1 USD = 83.45 INR
Live Output Metrics
LiveIndia Direct Tax Regime & EPFO 2026 Statutory Overview
India has a dual-regime tax system comparing the traditional Old Tax Regime (with exemptions) against the modern New Tax Regime (Section 115BAC) with lower rates.
New Tax Regime vs. Old Tax Regime
The New Tax Regime (Section 115BAC) has been optimized for FY 2025-26 / AY 2026-27, offering a standard deduction of INR 75,000 and lower tax brackets. The Old Tax Regime permits deductions (80C, 80D) but carries higher progressive tax scales up to 30%.
Health & Education Cess & Surcharges
A mandatory 4% Health & Education Cess is added to the computed income tax. High earners exceeding INR 50 Lakhs annually are subject to progressive surcharges ranging from 10% to 25% or 37% depending on the active regime.
Employees' Provident Fund (EPFO)
EPF applies to establishments with 20 or more employees. Employee contribution is 12% of the basic salary, capped at a statutory minimum wage ceiling of INR 15,000 per month for standard compliance, though employers can contribute on full basic salary.