Income Tax on ₹2 Cr, ₹5 Cr, ₹10 Cr & ₹100 Cr in India

Taxes on high incomes in India can be complex due to progressive tax rates, surcharges, and multiple tax regimes. Whether you’re calculating a 2 crore tax in India, a tax on 5 crore in India, or even a tax on 100 crore in India, each level comes with increasing tax burdens.

This guide breaks down tax calculations for incomes ranging from ₹1.5 crore to ₹100 crore.

How Do You Calculate Income Tax for High-income People in India?

To calculate tax, you apply the basic slab rates (based on the tax regime) and add a surcharge and cess. There are two tax regimes in India: old and new tax regimes. 

The new tax regime offers reduced tax rates but does not allow most deductions. In contrast, the old tax regime comes with higher rates but lets you claim several deductions and exemptions.  The tax slab under the new regime is as follows: 

Income Tax Slabs (FY 2025-26)	Rate of Tax
₹ 0 – 4 Lakh	NIL
₹ 4 – 8 Lakh	5%
₹ 8 – 12 Lakh	10%
₹ 12 – 16 Lakh	15%
₹ 16 – 20 Lakh	20%
₹ 20 – 24 Lakh	25%
Above ₹ 24 Lakh	30%

Here are the tax rates for Individuals less than 60 years of age under the old tax regime. 

Income Tax Slabs (FY 2025-26)	Rate of Tax
₹0 to 2.5 Lakh	Nil
₹2.5 – 5 Lakh	5%
₹5 – 10 Lakh	20%
Above ₹10 Lakh	30%

If your income exceeds a certain threshold, you will have to pay additional taxes over and above existing tax rates. This is called a surcharge. 

Rate of Surcharge
Range of Income
₹50 Lakhs to ₹1 Crore	₹1 Crore to ₹2 Crores	₹2 crores to ₹5 crores	Exceeding ₹5 Crores
10%	15%	25%	37%

*Starting 1 April 2023, the highest surcharge, 37%, was reduced to 25% under the new tax regime.

Income Tax Calculations for Various Income Brackets

Let’s calculate the income tax on various income brackets. Here we are assuming that you don’t claim any deductions.  

1. 1.5 crore Tax in India

Let us assume this is your business income. 

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	15,000,000	15,000,000
Income Tax Payable	43,12,500	40,80,000
Surcharge	6,46,875	6,12,000
Health and Education Cess (4%)	1,98,375	1,87,680
Total Tax Liability	51,57,750	48,79,680

Tax on ₹1.5 Crore in India can be similarly calculated for salaried income. You can reduce your taxable income by claiming standard deductions, house rent allowance (HRA), leave travel allowance (LTA), and other eligible exemptions. Under the old tax regime, these can significantly lower your tax liability. However, the new regime offers lower tax rates but does not allow most deductions and exemptions.

2. Tax on ₹2 Crore in India

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	20,000,000	20,000,000
Total Tax Liability (including surcharge and cess)	69,51,750	66,73,680

3. 3 crore Tax in India

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	30,000,000	30,000,000
Total Tax Liability (including surcharge and cess)	1,14,56,250	1,11,54,000

This is the tax on 3 crore in India under both regimes. 

4. 4 crore Tax in India

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	30,000,000	30,000,000
Total Tax Liability (including surcharge and cess)	1,14,56,250	1,11,54,000

5. 5 crore Tax in India

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	50,000,000	50,000,000
Total Tax Liability (including surcharge and cess)	1,92,56,250	1,89,54,000

This is the tax on 5 crore under both regimes. 

6. 10 crore Tax in India

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	10,00,00,000	10,00,00,000
Total Tax Liability (including surcharge and cess)	4,24,76,850	3,84,54,000

7. 20 crore Tax in India

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	20,00,00,000	20,00,00,000
Total Tax Liability (including surcharge and cess)	8,52,20,850	7,74,54,000

8. 27 crore Tax in India

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	27,00,00,000	27,00,00,000
Total Tax Liability (including surcharge and cess)	11,51,41,650	10,47,54,000

9. 50 crore Tax in India

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	50,00,00,000	50,00,00,000
Total Tax Liability (including surcharge and cess)	21,34,52,850	19,44,54,000

10. Tax on ₹100 crore in India

How much tax do I have to pay for 100 crore? Here’s the calculation. 

	Old Regime (amount in ₹)	New Regime (amount in ₹)
Taxable Income	1,00,00,00,000	1,00,00,00,000
Total Tax Liability (including surcharge and cess)	42,71,72,850	38,94,54,000

Conclusion 

As income increases from ₹1.5 crore to ₹100 crore, the effective tax rate rises. The biggest jumps happen at the surcharge thresholds of ₹1 crore, ₹2 crore, and ₹5 crore. High-income earners should plan carefully and consider tax-saving options within their chosen regime. Professional tax advice is vital at these income levels to manage tax liability properly.

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