Salary Calculator India
Calculate your monthly in-hand pay from CTC. Toggle between Old and New tax regimes to see which works better for you. Includes EPF, 4% cess, and high-income surcharge for FY 2025–26 (AY 2026–27).
Net annual pay
₹13,10,000
12.7% deducted from gross
Monthly
₹1,09,167
Fortnightly
₹50,385
Weekly
₹25,192
Marginal rate
15.0%
Full breakdown
Every line item that affects your gross-to-net.
| Item | Annual | Monthly |
|---|---|---|
| Gross CTC | ₹15,00,000 | ₹1,25,000 |
| Income tax (New Regime (default)) Standard deduction of ₹75,000 applied | ₹93,750 | ₹7,813 |
| Health & Education cess (4%) | ₹3,750 | ₹313 |
| EPF — Employee contribution (12% of basic) Goes to your provident fund — withdrawable at retirement. | ₹90,000 | ₹7,500 |
| Professional tax Varies by state (₹0 in some). ₹2,500/year used as default. | ₹2,500 | ₹208 |
| EPF — Employer contribution (12% of basic) Already part of your CTC — not extra. | ₹90,000 | ₹7,500 |
| Net annual take-home | ₹13,10,000 | ₹1,09,167 |
Old vs New Regime — what's the difference?
The Government of India introduced the New Tax Regime in FY 2020–21 and made it the default from FY 2023–24. The key trade-off:
- New Regime: Lower tax rates and a higher ₹75,000 standard deduction, but no other deductions allowed (no 80C, HRA, LTA, home loan interest, etc.)
- Old Regime: Higher tax rates and ₹50,000 standard deduction, but you can claim 80C up to ₹1.5L, HRA, 80D insurance, home loan interest up to ₹2L, and more
Worked example: ₹15 Lakh CTC
Under the New Regime (default), assuming 50% basic:
- Income tax: ~₹1.30 Lakh
- 4% cess: ~₹5,200
- EPF (12% of ₹7.5L basic): ~₹90,000
- Professional tax: ₹2,500
- In-hand: ~₹12.72 Lakh/year ≈ ₹1.06 Lakh/month
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Frequently Asked Questions
Should I choose the Old Tax Regime or New Tax Regime?▾
The New Regime is the default from FY 2023–24 and is simpler — lower tax rates but no deductions for 80C, HRA, LTA, etc. The Old Regime has higher rates but lets you claim deductions. Rule of thumb: if your eligible deductions are above ₹3.75 lakh (80C, 80D, HRA, home loan interest combined), Old Regime usually wins. Below that, New Regime wins. The calculator lets you toggle between them.
What is CTC and how is it different from take-home pay?▾
CTC (Cost To Company) is the total annual cost your employer pays for you — including basic salary, allowances, bonuses, EPF employer contribution, gratuity accrual, and sometimes insurance premiums. Take-home (in-hand) pay is what reaches your bank account each month after EPF employee contribution, professional tax, and income tax are deducted. On a ₹15 lakh CTC, you typically take home ₹11–12 lakh annually (depending on regime and basic-pay structure).
How is EPF calculated?▾
Employee Provident Fund: 12% of your Basic salary is deducted from each month's pay, and your employer contributes another 12% (which is already counted in your CTC). The combined amount goes into your EPF account at 8.25% interest. Most companies set Basic salary at 40–60% of CTC — this calculator assumes 50% basic. You can withdraw EPF at retirement (age 58), unemployment for 2+ months, or for specific reasons like home purchase.
What is the standard deduction?▾
Standard deduction is a flat amount subtracted from your salary before tax is calculated — ₹75,000 under the New Regime (since Budget 2024) and ₹50,000 under the Old Regime. You don't need to provide any proof; it's applied automatically. Both regimes also exempt the employer's EPF contribution from your taxable income.
What is the 4% Health & Education Cess?▾
After your income tax is calculated, an additional 4% Health & Education Cess is added on top of the tax + any surcharge. This funds education and healthcare programs. So if your income tax is ₹1,00,000, the cess adds another ₹4,000 — making the total ₹1,04,000.
When does the high-income surcharge apply?▾
Surcharge applies on top of income tax for high earners: 10% if taxable income exceeds ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore. The Old Regime had a 37% bracket above ₹5 crore that the New Regime caps at 25%. The 4% cess applies on top of the surcharge.
What is professional tax?▾
Professional tax is a state-level tax — not all states levy it. Where it applies (e.g. Maharashtra, Karnataka, West Bengal, Tamil Nadu), it's capped at ₹2,500/year (₹200/month for most months, ₹300 in one). It's directly deducted from your salary. States like Delhi, UP, and Haryana don't charge professional tax.
Does this calculator include 80C, HRA, or home loan deductions?▾
Not yet — only the standard deduction is applied. If you're on the Old Regime and claim ₹1.5 lakh under 80C, ₹25,000 under 80D, HRA, and home loan interest, your effective tax can drop significantly. We're building a separate Indian Income Tax Calculator that lets you input all deductions individually — coming soon.