Salary & Income Tax Calculator
Calculate your take-home salary and income tax for FY 2025-26 (AY 2026-27).
📅 FY 2025-26 | AY 2026-27🎉 Budget 2025: Zero tax up to ₹12 Lakh (New Regime)
1Salary Breakdown
₹3L₹12,00,000/yr₹1Cr
30%60%
City Type
Affects HRA & exemption
Employer PF included in CTC?
12% of Basic + Gratuity (4.81%) deducted from CTC
₹2,400/yr in most states. Set to 0 if not applicable.
Monthly Pay Slip
₹93,276 gross/mo
Earnings
Basic Salary₹40,000
HRA₹20,000
Special Allowance₹33,276
Gross Monthly₹93,276
Deductions
Employee PF (12% of Basic)− ₹4,800
Professional Tax− ₹200
TDS (Monthly)− ₹0
Total Deductions− ₹5,000
Monthly In-Hand Salary
₹88,276
Annual in-hand: ₹10,59,312
CTC Note: Employer PF (₹4,800/mo) and Gratuity (₹1,924/mo) are part of your CTC but not paid to you directly.
2Income Tax Calculator(auto-filled from salary above)
Using Gross Salary from above₹11,19,312/yr
Auto-Applied Deductions
Standard Deduction₹75,000
Taxable Income₹10,44,312
🎉 Section 87A Rebate applies!
Taxable income ≤ ₹12 lakh — your income tax is ₹0.
Taxable income ≤ ₹12 lakh — your income tax is ₹0.
Total Tax Payable
₹0
Effective rate: 0.00% · Monthly TDS: ₹0
Taxable Income
₹10,44,312
Income Tax
₹0
Cess (4%)
₹0
Tax Slab Breakup
₹4,00,000 – ₹8,00,000 @ 5%₹20,000
₹8,00,000 – ₹12,00,000 @ 10%₹24,431
Health & Education Cess @ 4%₹0
3New vs Old Regime — Which saves more?
✓ Better for you
New Regime
₹0
total tax / year
Old Regime
₹95,017
total tax / year
New Regime saves you ₹95,017 per year
Frequently Asked Questions
What changed in the New Regime for FY 2025-26?+
Budget 2025 overhauled the new regime: basic exemption raised to ₹4 lakh, new 25% slab added, and the 87A rebate now covers taxable income up to ₹12 lakh (was ₹7L). Anyone earning up to ₹12.75 lakh gross salary pays zero tax under the new regime after standard deduction.
New Regime vs Old Regime — which is better?+
For most salaried employees in FY 2025-26, the New Regime is better. The Old Regime only wins if your total deductions (80C + HRA + 80D + others) are very high. Use the comparison in Section 3 to see your specific savings.
What is CTC and how does it differ from take-home?+
CTC (Cost to Company) is the total annual amount your employer spends on you — including gross salary, employer PF (12% of basic), and gratuity (4.81% of basic). Your take-home is what actually hits your bank account after employee PF, professional tax, and TDS are deducted.
What is the standard deduction for FY 2025-26?+
₹75,000 under the New Regime and ₹50,000 under the Old Regime. It is automatically applied to your gross salary before computing taxable income — no proof required.
When is the last date to file ITR for FY 2025-26?+
July 31, 2026 for salaried individuals (AY 2026-27) without audit requirement. Filing before this date avoids late fees under Section 234F.