1How much tax do I pay on a Rs 30 lakh salary?
About Rs 4,75,800 in the new regime — Rs 4,57,500 of slab tax on Rs 29,25,000 taxable (after the Rs 75,000 standard deduction) plus 4% cess. No surcharge applies at this level.
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ArticleAt Rs 30 lakh a meaningful part of your income reaches the top 30% slab, though the lower bands still soften the overall rate. Here's the breakdown. Figures are for the new regime, salaried, with no other income; your actual tax depends on your full situation.
Reviewed by CA Harika Chebolu, FCA · Last updated 2026-06-13
Quick answer
On a Rs 30 lakh salary the new-regime tax is about Rs 4,75,800. Here's the slab-by-slab breakdown and how to reduce it.
Under the new regime, the Rs 75,000 standard deduction brings a Rs 30 lakh salary to Rs 29,25,000 taxable. The slabs apply: 5% (Rs 20,000), 10% (Rs 40,000), 15% (Rs 60,000), 20% (Rs 80,000), 25% on Rs 20-24 lakh (Rs 1,00,000), and 30% on the Rs 5,25,000 above Rs 24 lakh (Rs 1,57,500). That totals Rs 4,57,500, plus 4% cess of about Rs 18,300 — roughly Rs 4,75,800.
A surcharge only applies once total income crosses Rs 50,00,000, so a Rs 30 lakh salary isn't affected. The effective rate works out to around 16%, with only the slice above Rs 24 lakh taxed at the top rate.
The employer's NPS contribution under 80CCD(2) is deductible even in the new regime — up to 10% of salary (14% for government employees). At Rs 30 lakh this can be a sizeable deduction and one of the few that survives in the new regime.
Full 80C, the Rs 50,000 NPS, 80D, significant HRA and home-loan interest up to Rs 2,00,000 can bring the old-regime tax below the new regime's roughly Rs 4,75,800. At this income, compute both before deciding.
High earners usually have investment income too; plan salary, NPS and capital gains together. If tax after TDS will exceed what's deducted, pay advance tax in the instalments to avoid 234B/234C interest.
About Rs 4,75,800 in the new regime — Rs 4,57,500 of slab tax on Rs 29,25,000 taxable (after the Rs 75,000 standard deduction) plus 4% cess. No surcharge applies at this level.
Around 16% in the new regime — roughly Rs 4,75,800 on Rs 30 lakh — because only the slice above Rs 24 lakh is taxed at the top 30% rate.
Employer NPS under 80CCD(2) helps in the new regime; the old regime can win with full 80C, NPS, 80D, HRA and home-loan interest. Compute both on your exact numbers.
Earning around Rs 30 lakh? Write to the firm and we'll plan your regime, NPS and investments to cut the tax.