Madhya Pradesh Income Tax Calculator.
Madhya Pradesh levies Professional Tax of ₹208/month (~₹2496/year) on income above the slab threshold. Madhya Pradesh cities qualify for 40% HRA exemption (tier-2 status under Section 10(13A)). Use the calculator below to compare Old vs New regime for your salary.
India Income Tax Calculator — Madhya Pradesh
Old Regime deductions (only used if Old Regime is selected)+ Toggle
The New Regime saves you ₹33,150 in tax this year. New regime wins — you don't have enough deductions to beat the default lower slabs.
Madhya Pradesh economic profile.
Market overview
Madhya Pradesh is centrally located in India and has emerged as a logistics hub. Indore has been ranked India's cleanest city for consecutive years and has growing IT presence (TCS, Infosys, Cognizant). Bhopal hosts the administrative cluster. Jabalpur and Gwalior have industrial pockets.
Top industries
Madhya Pradesh-specific tax notes
MP follows standard PT (₹2,500/year cap). All MP cities are HRA tier-2 (40% exemption). State industrial policy offers stamp duty waivers for new investments above ₹100 crore — relevant for businesses, not personal tax.
Madhya Pradesh PT: ₹208/mo for income above ₹15,000. Annual ₹2,500 cap.