How is In-Hand Salary Calculated?
Your CTC (Cost to Company) is not what hits your bank account. Companies deduct mandatory contributions like Provident Fund (PF), state-wise Professional Tax (PT), and Income Tax at source (TDS) before disbursing the salary.
New vs. Old Regime?
The New Regime is the default from FY 2023-24. It offers lower tax rates but disallows most common deductions like 80C, 80D, and HRA. The Old Regime has higher tax rates but allows you to claim these deductions to lower your taxable income.
Tax Slabs for FY 2025-26 (AY 2026-27)
New Regime (Default): Standard Deduction of ₹75,000. Rebate on income up to ₹12L.
- Up to ₹4L: 0%
- ₹4L – ₹8L: 5%
- ₹8L – ₹12L: 10%
- ₹12L – ₹16L: 15%
- ₹16L – ₹20L: 20%
- ₹20L – ₹24L: 25%
- Above ₹24L: 30%
Why Use This Calculator?
This free tool helps you quickly estimate your take-home pay before accepting job offers, which is crucial for salary negotiations and financial planning.