- Total tax (incl. cess)
- ₹1.30 L
- Taxable income
- ₹14.25 L
- Tax before rebate
- ₹1.25 L
- Effective rate
- 8.67%
Income tax computation — slab-wise liability, surcharge, cess, and net tax payable.| Gross income | ₹15,00,000 |
| Standard deduction | ₹75,000 |
| Chapter VI-A deductions | ₹0 |
| Other deductions (24b, HRA, etc.) | ₹0 |
| Taxable income | ₹14,25,000 |
| Tax on slabs | ₹1,25,000 |
| Less: 87A rebate | ₹-0 |
| Tax after rebate | ₹1,25,000 |
| Plus: surcharge | ₹0 |
| Tax + surcharge | ₹1,25,000 |
| Plus: 4% Health & Education Cess | ₹5,000 |
| Total tax payable | ₹1,30,000 |