🇮🇳 India · FY 2025-26

Maharashtra PT ₹200/mo HRA50%

Maharashtra Income Tax Calculator.

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Quick context

Maharashtra levies Professional Tax of ₹200/month (~₹2400/year) on income above the slab threshold. Maharashtra cities qualify for 50% HRA exemption (tier-1 metro status under Section 10(13A)). Use the calculator below to compare Old vs New regime for your salary.

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India Income Tax Calculator — Maharashtra

FY 2025-26

Annual Gross Income

₹

₹15.00 L per year

Age Group

Professional Tax (Maharashtra)

₹200/mo · ₹2400/yr

Old Regime deductions (only used if Old Regime is selected)+ Toggle

Section 80C (max ₹1.5L)

Section 80D Medical (max ₹1L)

HRA Exemption (yearly)

Home Loan Interest 24(b) (max ₹2L)

NPS Extra 80CCD(1B) (max ₹50K)

Old Regime

₹1,30,291

Taxable: ₹10.43 L

Deductions: ₹4.57 L

✓ Better

New Regime (default)

₹97,126

Taxable: ₹14.23 L

Deductions: ₹77,400 (auto)

💡 Recommendation

The New Regime saves you ₹33,165 in tax this year. New regime wins — you don't have enough deductions to beat the default lower slabs.

✨ Live · FY 2025-26 (AY 2026-27) slabs · Includes 4% cess and surcharge · Not legal/tax advice — consult a CA for filings.

About Maharashtra

Maharashtra economic profile.

Capital

Mumbai

Avg Mid-Career Salary

₹15.0L

per year

Cost of Living

100

vs Mumbai = 100

Market overview

Maharashtra has India's largest state GDP (~$500B). Mumbai is the financial capital (RBI, BSE, NSE, all major banks HQ). Pune is the IT/manufacturing hub. The state contributes 14% of national GDP. Highest concentration of MNC head offices in India.

Top industries

Financial ServicesIT/ITESMedia & EntertainmentManufacturingPharmaceuticals

Maharashtra-specific tax notes

Maharashtra has the highest absolute Professional Tax bills in India due to having the highest concentration of high-salary jobs. PT applies as ₹2,500/year (₹200/mo for 11 months, ₹300 in Feb). Mumbai's HRA tier-1 status allows 50% of basic salary as HRA exemption.

Professional Tax slab

Maharashtra PT: ₹175/mo for ₹7,500-10,000 income, ₹200/mo for ₹10,000+. Maximum ₹2,500/year (₹300 in Feb).

❓ Maharashtra FAQ

Common questions.

Is the cost of living in Mumbai justified by Maharashtra salaries?

Mumbai is India's most expensive city — rent and groceries run 40-60% above other metros. But mid-career IT/finance roles pay ₹15-30 lakh (vs ₹10-20 lakh in Bangalore for the same role). The math nets out for senior IC and management roles; junior roles often see better real income in Pune or Hyderabad.

Are there state-specific tax breaks in Maharashtra?

No state-level income tax breaks (India has no state income tax). Maharashtra's only state taxes affecting salaried employees are Professional Tax (₹2,500/year max) and stamp duty on property purchases (5-7% varying by location). The state offers GST input credit benefits for businesses in IT parks (SEZs).

Which Maharashtra city is best for a tech job financially?

Pune wins on overall financial outcome for tech roles. Salaries are 5-10% below Mumbai but cost of living is 30-40% lower. Hinjawadi/Magarpatta/Kharadi corridors have the highest concentration of IT employers. Mumbai BKC remains better for pure finance roles where the salary premium exceeds the cost-of-living premium.

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