Taxcom Technologies
Free Salary Breakup Tool

Salary Calculator India

Estimate your monthly in-hand salary, annual CTC breakup, PF deductions, bonus adjustments, and estimated professional tax instantly under old and new tax regimes.

100%

Accurate Slabs

FY 2026-27

Budget 2025 Ready

Instant

Take-Home Breakup

CTC Breakup Inputs

Enter details below to compute in-hand salary

PF contributions setup (Indian EPF Scheme)

Any other deductions like meal vouchers, corporate loans, or medical policies.

Calculation Output

Calculated in-hand based on selected tax settings

Monthly Take-Home

₹0

Annual Take-Home

₹0

Total CTC Package₹0
Gross Salary (Excl. PF/Bonus)₹0
Estimated Income Tax₹0
Total Structural Deductions₹0

* Calculations models are updated based on Financial Year 2026-27 definitions as proposed in Budget 2025. Standard Deductions of ₹75,000 (New regime) or ₹50,000 (Old regime) are auto-embedded.

Understanding Net Salary vs CTC in India

For salaried professionals in India, the package offered by companies is termed as **Cost to Company (CTC)**. CTC describes the aggregate spending an employer is comfortable dedicating to an employee per year.

However, the actual **Net Salary (or take-home pay)** you receive in your corporate bank account differs substantially from your CTC. This is because of structural components that are either withheld for retirement corpus (Provident Funds), paid as professional taxes, or deducted as central income tax liabilities.

Cost to Company (CTC)

The total visual offer containing direct pay + indirect benefits like Employer PF match + gratuity liability + variable performance bonuses. It represents the gross cost of the employer.

Net Take-Home Salary

The actual cash credited at the end of each calendar month. Derived by deducting employee PF, professional tax, central income tax, and corporate welfare deductions from your gross pay.

Difference Between Gross Salary, CTC, and Net Take-Home Salary

Working out your monthly cash flow is straightforward once you separate structural components. Here is the sequential accounting formula used by modern corporate payroll systems:

Step 1: Get Gross Annual SalaryCTC - Employer PF - Annual Bonus
Step 2: Apply DeductionsEmployee PF + Prof Tax + TDS
Step 3: Arrive at Net SalaryGross Salary - Deductions

Using this tool allows you to pre-plan your budget allocations and compare what portion of CTC goes straight to taxes, allowing you to opt for smarter regimes during annual declaration periods.

Detailed Salary Component Breakdown

Showing detailed breakdown in ₹ (Annual Estimates):

Basic Salary (50% of Gross)
₹0
The core component of your salary structure, which acts as the foundation for both PF calculations and house rent allowance eligibility.
House Rent Allowance (HRA)
₹0
A structural allowance paid to cover accommodation costs. Fully or partially exempt under Section 10(13A) if choosing the Old Regime.
Leave Travel Allowance (LTA)
₹0
An exemption provided to cover travel fares for domestic trips taken with family during leaves.
Special Allowance (Balancing Component)
₹0
A taxable allowance used to bridge the gap between gross salary and core individual components.
Allocated Corporate Bonus
₹0
The variable performance or fixed incentive payments declared by the employer under your CTC package.
Employer Provident Fund (EPF Share)
₹0
The 12% contribution matching paid directly into your Employee Provident Fund organization account by the employer.
Employee Provident Fund (EPF Share)
₹0
The employee allocation deducted from the monthly payroll, yielding retirement savings and acting as a tax-saving strategy under Old Regime Rec. 80C.
Professional Tax (State Level)
₹0
The regulatory state council direct levy on salaried professionals, capped legally at ₹2,500 annually.
Income Tax Liability (Estimated)
₹0
The calculated central direct income tax computed under the selected regime guidelines.
Additional Deductions
₹0
Other monthly salary-deducted expenditures entered or allocated by corporate scheme lines.
Net Cash credited uis in Hand (Annual)₹0

Old vs New Tax Regime – Which is Better?

India provides two central paths to calculate individual income tax liability. Choosing the right one determines your final monthly carry-home. Here is a conceptual comparison matrix:

Regime AspectNew Regime (Default)Old Tax Regime
Standard Deduction₹75,000₹50,000
Slab Rate ProfileLower tax brackets (up to 30% above 24L)Steeper slabs (up to 30% above 10L)
Tax-Saving ExemptionsNot eligible (Except standard deduction)Supports 80C, 80D, HRA, Medical
Max Rebate Section 87AFull Rebate up to ₹12L PackFull Rebate up to ₹5L Pack

As a rule of thumb, you should compare your investments. If you contribute significantly to PPF, claim premium home loan interest deduction, and reside on rented land (demanding HRA exemptions) totaling above ₹3,75,000 annually, the Old Regime could preserve more assets. Otherwise, the New Regime remains the default, worry-free approach.

Tax Saving Strategies & Allowances

Maximizing take-home involves knowing the available legal tax breaks under the Income Tax Act. Here are the most prominent tax-saving avenues to discuss with your corporate HR department:

Structure HRA Wisely

Ensure your lease agreements or rent receipts are maintained. HRA is exempted based on minimum of: Actual HRA received, Rent paid minus 10% of Basic, or 40%-50% of Basic.

Claim Employee PF Exemption

Employee EPF deduction of 12% counts directly towards tax exemption u/s 80C up to ₹1,50,000 annually, enabling clean automated tax savings.

Request Corporate Reimbursements

Shift taxable cash allowances to reimbursement vouchers like fuel spends, medical expenses, or standard internet plans which are tax-free on submission of actual bills.

Invest in NPS (Voluntary)

Add a voluntary contribution of up to ₹50,000 into the National Pension Scheme, securing extra deductions u/s 80CCD(1B) beyond basic 80C.

Frequently Asked Questions

Is Employer PF part of my in-hand monthly salary?
No. Employer PF is part of your overall CTC but represents the statutory retirement matching paid directly into EPFO on your behalf. It does not hit your monthly bank account cash flow.
How does the bonus percent affect my weekly/monthly cash?
Performance bonus is usually paid as a lump sum annually or semi-annually. In this calculator, we deduct the declared bonus percentage from your CTC to yield a sustainable base monthly take-home estimate.
What is the highest Professional Tax rate in India?
Professional tax is legislated by individual state governments. Most prominent industrial states (e.g., Maharashtra, West Bengal, Karnataka) levy a maximum cap of ₹2,500 per annum (usually ₹200 per month with standard higher slab adjustments).
Can I change my declared home location or city rent category?
HRA calculations differentiate whether you reside in a Metro city (Delhi, Mumbai, Kolkata, Chennai) where HRA exemption limit is 50% of basic, or a Non-metro city matching 40% of basic.
Is Standard Deduction automatically coded in this calculator?
Yes. The calculator automatically reduces your taxable income by a flat ₹75,000 standard deduction under the New Tax Regime, and ₹50,000 under the Old Tax Regime to provide realistic estimates.

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