Salary Calculator
Salary Calculator
Calculate your exact in-hand salary from CTC with complete breakup of HRA, DA, PF, income tax, and all deductions — for both new and old tax regime.
| Earnings | |
| Basic Salary | ₹25,000 |
| HRA | ₹12,500 |
| Special Allowance | ₹12,500 |
| Gross Salary | ₹50,000 |
| Deductions | |
| Employee PF (12%) | -₹3,000 |
| Professional Tax | -₹200 |
| Income Tax (TDS) | -₹3,600 |
| Total Deductions | -₹6,800 |
| Net Take-Home | ₹43,200 |
What Is a Salary Calculator?
A salary calculator is a financial tool that helps employees and job seekers understand their actual take-home salary after all deductions. In India, your CTC (Cost to Company) and your in-hand salary can differ significantly due to components like PF contributions, professional tax, and income tax (TDS). This calculator breaks down every rupee clearly so you know exactly what lands in your bank account each month.
Whether you just received a job offer, are evaluating a salary hike, or simply want to understand your payslip better — this tool gives you a complete, accurate salary breakup in seconds. It supports both the New Tax Regime (default from FY 2024-25) and the Old Tax Regime with deductions under 80C, 80D, and HRA exemption.
🧩 Key Salary Components Explained
💰 Basic Salary
Foundation of salary structure. Typically 40–50% of CTC. PF and many other allowances are calculated as a percentage of basic.
🏠 HRA
House Rent Allowance. Usually 40–50% of basic. Partially or fully tax-exempt if you pay rent — based on city and rent amount.
🔒 PF (EPF)
Employee Provident Fund. 12% of basic deducted from salary. Employer also contributes 12%, but it's part of CTC — not extra pay.
🏛️ Professional Tax
State-level tax deducted monthly. Maximum ₹2,500/year. Varies by state — not applicable in some states like Delhi and Haryana.
📋 Special Allowance
Residual amount after all components are allocated. Fully taxable under both old and new regime.
🧾 TDS / Income Tax
Tax Deducted at Source. Employer deducts estimated annual income tax monthly and deposits with government on your behalf.
⚖️ New vs Old Tax Regime — Which Is Better?
From FY 2024-25, the new tax regime is the default for all salaried individuals. You must actively opt for the old regime during ITR filing if you want to claim deductions.
🆕 New Tax Regime
- Lower, simplified tax slabs
- Standard deduction of ₹75,000
- No HRA, 80C, 80D exemptions
- Better for higher salaries with fewer investments
- Default from FY 2024-25
📜 Old Tax Regime
- Higher base tax rates
- HRA exemption allowed
- 80C up to ₹1.5L deduction
- 80D health insurance deduction
- Better if investments are high
💡 How to Maximise Your In-Hand Salary
1. Restructure salary components: Ask your employer to increase tax-free allowances like food coupons (₹50/meal × 26 days), LTA, and phone/internet reimbursements — these reduce taxable income without reducing CTC.
2. Claim HRA properly: If you live on rent, ensure HRA exemption is claimed by submitting rent receipts. In metro cities, up to 50% of basic salary can be HRA-exempt.
3. Maximise 80C (Old Regime): PPF, ELSS mutual funds, life insurance premiums, and home loan principal repayment all count toward the ₹1.5 lakh 80C limit.
4. NPS for extra deduction: Additional ₹50,000 deduction under Section 80CCD(1B) for NPS contributions — available even in old regime. Employer NPS contribution (up to 10% of basic) is deductible under 80CCD(2) in both regimes.
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