What is the In-Hand Salary Calculator?
The In-Hand Salary Calculator helps you determine exactly how much money you will take home every month after all deductions (PF, Professional Tax, TDS) from your Cost to Company (CTC). It is an essential tool for employees negotiating a job offer or planning their monthly budget.
Old Tax Regime vs. New Tax Regime
For FY 2025-26, deciding between the two regimes is crucial:
- New Tax Regime: Features lower tax slabs and is the default regime. It now includes a standard deduction of ₹50,000, but most other deductions (like 80C, HRA) are not allowed.
- Old Tax Regime: Features higher tax rates but allows you to claim multiple tax-saving deductions like Section 80C (up to ₹1.5 Lakh), HRA, Home Loan Interest, and medical insurance.
How to Calculate Your Take-Home Pay
- Enter your total annual CTC.
- Select your metro/non-metro status and input any HRA or 80C deductions if you plan to use the Old Regime.
- Click "Calculate" to instantly see your monthly breakdown and a side-by-side comparison of which tax regime saves you more money!