Salary & Income Tax Calculator (India)
Calculate your monthly net take-home salary and compare tax liabilities under Old and New Regimes (FY 2025-26 & FY 2026-27).
Salary Structure
Tax Deductions (Old Regime)
Take-Home Pay Comparison
Detailed Calculation Breakdown
| Component | Old Regime | New Regime |
|---|---|---|
| Gross Annual Salary | ₹11,78,400 | ₹11,78,400 |
| Standard Deduction | - ₹50,000 | - ₹75,000 |
| HRA Exemption | - ₹1,20,000 | Not Allowed |
| Sec 80C Deductions | - ₹71,600 | Not Allowed |
| Other Exemptions (80D/24) | - ₹15,000 | Not Allowed |
| Professional Tax | - ₹2,400 | - ₹2,400 |
| Net Taxable Income | ₹9,19,400 | ₹11,01,000 |
| Annual Income Tax (inc. Cess) | ₹1,00,235 | ₹67,808 |
| EPF Employee Share (12%) | - ₹21,600 | - ₹21,600 |
| Monthly Take-Home Cash | ₹87,680 | ₹90,382 |
Monthly Salary Structure Breakdown
How to Use Salary Calculator
- Enter your Annual CTC (Cost to Company) or monthly pay using the input controls.
- Adjust basic salary and HRA percentage ratios to match your corporate payslip layout.
- Indicate if Employer EPF contribution is included in the stated CTC.
- Input your monthly rent and select your city type to automatically calculate HRA tax exemption under the Old Regime.
- Add other tax deductions under Section 80C (like LIC, PPF) or Section 80D (health insurance) for the Old Regime analysis.
- Review the side-by-side comparison panel showing Old vs New tax regime values to choose the better scheme.
Key Features & Privacy Guarantee
- Calculates HRA tax exemption using official three-tier Indian taxation formulas.
- Supports latest FY 2025-26 & FY 2026-27 New Tax Regime rules (incorporating ₹75k standard deduction and up to ₹7L rebate).
- Provides side-by-side comparisons of tax liabilities, EPF savings, and monthly take-home payouts.
- Fully customizable Basic and HRA ratios.
- Enables restriction of PF calculation to the mandatory ₹1,800/month statutory cap.
- 100% client-side calculation for full data safety.
Frequently Asked Questions
What is the standard deduction in India?
Standard Deduction is a flat deduction from gross salary before tax calculations. Under the New Tax Regime, it is ₹75,000 (starting FY 2024-25/2025-26). Under the Old Tax Regime, it remains ₹50,000.
Which regime is better: Old or New?
The New Regime generally offers lower tax rates but does not allow deductions (like HRA, 80C, 80D, home loan interest). The Old Regime has higher rates but allows substantial deductions. If your total exemptions and deductions exceed ₹3.75 Lakhs, the Old Regime may be more beneficial, otherwise, the New Regime is typically better.
How is HRA tax exemption computed?
Under Section 10(13A), HRA exemption is the minimum of: 1) Actual HRA received, 2) Rent paid minus 10% of basic salary, or 3) 50% of basic salary (for metros like Mumbai, Delhi, Kolkata, Chennai) or 40% (for non-metros).