📅 FY 2026-27 (AY 2027-28)
Income Tax on 18 LPA — 2026-27
On a 18 LPA salary (gross ~₹17,23,944), you pay ₹1,34,980/year (₹11,248/month) income tax under the new regime for FY 2026-27 (AY 2027-28). Effective tax rate: 7.8%.
💚
₹1,34,980
New Regime Tax
7.8% effective
🟠
₹3,27,271
Old Regime Tax
19.0% effective
📅
₹11,248
Monthly TDS
new regime
🏆
New ✓
Better Regime
saves ₹1,92,291/yr
Annual Income Details
FY 2026-27 (AY 2027-28)₹
Enter your gross annual salary / total income
Monthly equivalent
₹1,43,662/month
✅ New Tax Regime is better for you
You save ₹1,37,691 per year by choosing the new regime.
New Regime
✓ BetterGross Income₹17,23,944
Standard Deduction− ₹75,000
Taxable Income₹16,48,944
Tax on Slabs₹1,29,789
Rebate u/s 87ANil
SurchargeNil
Health & Ed. Cess (4%)₹5,192
Total Tax₹1,34,980
Effective rate7.8%
Monthly tax₹11,248/mo
Old Regime
Gross Income₹17,23,944
Standard Deduction− ₹50,000
Other Deductions− ₹1,75,000
Taxable Income₹14,98,944
Tax on Slabs₹2,62,183
Rebate u/s 87ANil
Health & Ed. Cess (4%)₹10,487
Total Tax₹2,72,671
Effective rate15.8%
Monthly tax₹22,723/mo
Tax Comparison Chart
New Regime Tax₹1,34,980
8%
Old Regime Tax₹2,72,671
16%
Your Annual Income₹17,23,944
100%
New Regime — Slab Breakdown
| Income Slab | Rate | Tax |
|---|---|---|
| 0 – 4,00,000 | 0% | ₹0 |
| 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% | ₹9,789 |
| 20,00,000 – 24,00,000 | 25% | — |
| 24,00,000 – above | 30% | — |
Old Regime — Slab Breakdown
| Income Slab | Rate | Tax |
|---|---|---|
| 0 – 2,50,000 | 0% | ₹0 |
| 2,50,000 – 5,00,000 | 5% | ₹12,500 |
| 5,00,000 – 10,00,000 | 20% | ₹1,00,000 |
| 10,00,000 – above | 30% | ₹1,49,683 |
Monthly TDS Deduction
New Regime — Monthly TDS
₹11,248
per month deducted from salary
Old Regime — Monthly TDS
₹22,723
per month deducted from salary
Reduce your tax on 18 LPA
See exactly which deductions will save you the most tax at this salary level.