Know Your Exact
Take-Home Salary.

It depends on your deductions. If your total deductions (80C + 80D + HRA + home loan etc.) exceed ~₹3.75L, the Old Regime usually saves more tax. Below that, the New Regime is typically better. The calculator shows you exactly which one saves more for your specific situation.

The New Regime is the default regime from FY 2023-24 onwards. But you can still opt for the Old Regime every year when filing your ITR. Salaried employees can switch between regimes each financial year.

Under the New Regime, if your taxable income is ₹12 lakh or less, you pay zero tax thanks to the Section 87A rebate (Budget 2025). Under the Old Regime, the rebate applies if taxable income is ₹5 lakh or less.

HRA (House Rent Allowance) exemption is only available under the Old Regime. The exempt amount is the lowest of: (1) Actual HRA received, (2) 50% of basic salary if metro / 40% if non-metro, (3) Rent paid minus 10% of basic salary. The taxable portion of HRA is included in your income.

Yes — employer’s NPS contribution under Section 80CCD(2) is deductible in both New and Old regimes. It’s capped at 10% of your basic salary. This is one of the most underused deductions available in the New Regime.

The calculations follow the official FY 2025-26 tax slabs, deduction limits, and rebate rules. For most salaried employees the result will be accurate. However, edge cases like surcharge on very high incomes (above ₹50L), marginal relief, or complex rental income situations may need a CA to review.

CTC (Cost to Company) is what your employer pays in total — it includes your salary, employer’s EPF contribution, gratuity, and other benefits. Your take-home (in-hand) is what hits your bank account after deducting employee EPF, professional tax, TDS (income tax), and other deductions. CTC can be 20–30% higher than your actual take-home.

Standard deduction is a flat deduction available to all salaried employees and pensioners — no bills or proof required. For FY 2025-26: ₹75,000 under New Regime and ₹50,000 under Old Regime. It is automatically applied when you file your ITR. Your employer deducts it from TDS calculations too.

Yes, under the Old Regime. Your employee EPF contribution (12% of basic) is counted as part of your 80C deduction (max ₹1.5L total). So if your annual EPF contribution is ₹57,600, that amount is already using up 80C space — you can invest the remaining ₹92,400 in other 80C instruments. Under the New Regime, EPF is not deductible.

TDS (Tax Deducted at Source) is income tax only — your employer deducts it monthly from your salary and pays it to the government on your behalf. It’s an advance payment of your annual tax liability. When you file your ITR, if TDS deducted is more than your actual tax, you get a refund. If less, you pay the difference.

Yes, salaried employees can switch between regimes every financial year when filing their ITR. However, you need to inform your employer at the start of the year so they calculate TDS correctly. If you switch mid-year, your employer may have deducted wrong TDS and you will need to settle the difference at ITR filing time.

If you don’t invest in 80C instruments by March 31 of the financial year, your employer will deduct higher TDS in the last few months. You can still claim the deduction when filing ITR if you make the investment before March 31 — but after March 31, that opportunity is gone for that financial year. EPF contributions throughout the year count automatically.

Yes — but only if done correctly. You can pay rent to your parents and claim HRA exemption, provided: (1) you have a proper rent agreement, (2) you pay via bank transfer not cash, (3) your parents declare that rental income in their ITR. Your parents get a 30% standard deduction on that rental income. This is legal and commonly used tax planning.

Surcharge is an additional tax on top of income tax for high earners: 10% surcharge if income exceeds ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore, 37% above ₹5 crore (Old Regime only). Plus 4% Health & Education Cess is applied on top of tax + surcharge for everyone. This calculator includes surcharge automatically.