Salary Calculator FY 2026-27 (In-Hand Take Home Salary)

CTC includes employer EPF (12% of basic), gratuity provisioning (4.81%), group insurance and any variable bonus — none of which reach your bank account monthly. From the gross pay that remains, employee EPF, TDS and professional tax are deducted. With basic at 50% of CTC, in-hand is about 85% of CTC up to roughly ₹14 lakh, falling to about 72% at ₹30 lakh and 66% at ₹50 lakh as tax rises.

Under Section 192, your employer projects your annual salary, subtracts applicable deductions, computes tax on the slab rates for your chosen regime, and divides the result by the number of remaining months in the year. TDS therefore changes if your declaration or salary changes mid-year.

Basic plus DA is typically 40%–50% of CTC. A higher basic raises EPF and gratuity — better long-term wealth but lower monthly take-home. A lower basic gives more cash now but smaller retirement benefits, and the Code on Wages pushes structures back toward the 50% mark.

No. Professional tax is a state levy, capped at ₹2,500 a year. States such as Maharashtra, Karnataka, West Bengal and Tamil Nadu levy it; Delhi, Haryana, Uttar Pradesh and Rajasthan do not.

Only under the Old Regime — the new default regime gives no HRA exemption at all. The exempt amount is the least of three figures: the HRA actually received, rent paid minus 10% of basic plus DA, and 50% of basic plus DA in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune or Ahmedabad (from tax year 2026-27) or 40% elsewhere. On a Rs 50,000 basic with Rs 25,000 HRA and Rs 20,000 rent, the exemption is Rs 15,000 a month. Rent above Rs 1,00,000 a year needs the landlord's PAN.

Rs 75,000 under the New Regime, which is the default under Section 115BAC, and Rs 50,000 under the Old Regime. It is allowed against salary and pension without any proof or investment, and it is the reason the New Regime is described as tax-free up to Rs 12,75,000 for a salaried person — Rs 12,00,000 of rebate-covered income under Section 87A plus the Rs 75,000 deduction sitting on top of it.

Because your employer trues up the year. Through the year TDS is spread over the remaining months based on your declared investments. In the last quarter the payroll team asks for actual proofs, and anything you declared but did not invest, along with any bonus, incentive or perquisite paid during the year, gets added back. The full shortfall is then recovered over the remaining two or three salaries, so the deduction spikes.

Your employer can pay any amount into your NPS; the limits only decide how much of it is tax-free. Two apply. First, the Section 80CCD(2) deduction (section 124 of the Income-tax Act, 2025): up to 14% of basic + DA in the New Regime, and in the Old Regime 10%, or 14% if your employer is the Central or a State Government. Anything above that is taxed as salary. Second, your employer's PF, NPS and approved superannuation contributions together are tax-free only up to ₹7.5 lakh a year (section 17(1)(h)); the amount above that is a taxable perquisite, and so is the interest or return it earns each year (section 17(1)(i)). For example, with basic of ₹50 lakh, employer PF of ₹6 lakh and employer NPS of ₹7 lakh, all the NPS is within 14%, but ₹5.5 lakh of the ₹13 lakh total is over ₹7.5 lakh and is taxed. With basic at half of CTC and 14% employer NPS, this second limit starts to matter at about ₹58 lakh CTC in the New Regime. This calculator applies both limits to the employer PF and NPS you enter; it does not include superannuation or the yearly return on the excess, so add those yourself if they apply to you.