Salary Calculator
Monthly Basic: ₹41,667 | Yearly Basic: ₹5,00,000
Deductions (New Regime)
Results
| Component | Yearly | Monthly |
|---|---|---|
| CTC | ₹10,00,000 | ₹83,333 |
| Gross | ₹0 | ₹0 |
| Standard Deduction | ₹75,000 | ₹6,250 |
| Take Home | ₹0 | ₹0 |
| In-Hand | -₹2,400 | -₹200 |
| Income Tax | 0 (after rebate) | 0 |
Explanation of Calculations
- Gross Salary:Gross Salary (₹0) = CTC (₹10,00,000) - EPF (₹21,600) - Gratuity (₹25,000).
- Take Home:Take Home (₹0) = Gross (₹0) - Income Tax (₹0).
- In-Hand:In-Hand (-₹2,400) = Take Home (₹0) - Professional Tax (₹2,400) - 80C (₹0) - NPS 80CCD(1B) (₹0) - Mediclaim 80D (₹0) - Donations 80G (₹0) - Home Loan Interest 80EEA (₹0) - Education Loan Interest 80E (₹0) - Rent (₹0) - Employer NPS (₹0).
- Taxable Income:Taxable Income (₹9,22,600) = CTC (₹10,00,000) - Deductions (as per selected regime).
- Income Tax:Calculated as per regime slabs and cess. See above for details.
About the Salary Calculator
This salary calculator helps you estimate your in-hand and take home salary after all statutory deductions and income tax, for both the old and new tax regimes. It considers standard deduction, PF, EPF, gratuity, professional tax, and employer NPS (for new regime).
How to use: Enter your CTC, select the tax regime, and fill in any applicable deductions. The calculator will show your gross, take home, and in-hand salary, along with a detailed breakdown.
Tip: If you want to compare your tax and take home under both regimes, try our Old vs New Regime Calculator.
Updated for FY 2025-26 as per latest Budget. For more details on tax rules, see the official Income Tax India website.