Income Range New Regime Surcharge Old Regime Surcharge
Up to ₹50 Lakhs Nil Nil
> ₹50 Lakhs to ₹1 Crore 10% 10%
> ₹1 Crore to ₹2 Crores 15% 15%
> ₹2 Crores to ₹5 Crores 25% 25%
> ₹5 Crores 25% (Capped) 37%

  • Tax on EXACTLY ₹50,00,000: ₹13,00,000 (No Surcharge)
  • Base Tax on ₹51,00,000: ₹13,30,000
  • Plus Surcharge (10% of ₹13,30k): ₹1,33,000
  • Total Tax without relief: ₹14,63,000

Here, the extra income is only ₹1,00,000, but the tax increased by ₹1,63,000 over the ₹50L mark!
To fix this, Marginal Relief = Excess Tax (₹1.63L) - Excess Income (₹1L) = ₹63,000.
Final Tax = ₹14.63L - ₹63K = ₹14,00,000 (+ 4% Cess).

Related Financial & Tax Calculators

PM-VBRY Employee

Calculate your Pradhan Mantri Viksit Bharat Rozgar Yojana hiring incentive.

PM-VBRY Employer

Advanced tool for employers to calculate their financial incentives for new hires.

MSSC Scheme Calculator

Calculate maturity value, interest, and premature withdrawal for Mahila Samman Savings.

SBI MIS (Annuity) Calc

Instantly find your fixed monthly income from SBI Annuity Deposit Scheme.