Salary calculator India

Gross monthly salaryINR

Tax regimeThe new regime is the default. The old one pays off only with large deductions.

Basic pay and DA as % of grossBasic pay plus dearness allowance, often 40 to 50 % of gross. PF is 12 % of it.

Provident fund (EPF)The ceiling is ₹25,000 a month from 17 September 2026 and ₹15,000 before it.

Professional tax (state)A state tax on salaries of up to ₹2,500 a year, deducted by your employer.

Your ageMatters only in the old regime, where the tax-free limit rises at 60 and 80.

Old regime: other 80C investments a year (₹)PPF, ELSS, life insurance, tuition fees. With your EPF the cap is ₹1.5 lakh.

Old regime: 80D, HRA and other deductions a year (₹)Health insurance (80D), HRA exemption, extra NPS (80CCD(1B)) and similar.

Take-home pay per month

₹77,000

Income tax (TDS)10 %−₹2,375
Tax rebate+₹2,375
Provident fund (EPF)12 %−₹3,000

No income tax: taxable income of ₹8.85 lakh a year (after the ₹75,000 standard deduction) is within the ₹12 lakh limit, so the rebate under section 156 cancels the tax.

PF is 12 % of basic pay up to the ₹25,000 wage ceiling that applies from 17 September 2026.

Total cost to the employer₹83,250

For guidance only. Your payslip can differ if you claim other allowances.

How it is calculated

The calculator works out one regular month of in-hand pay. Your employer estimates the tax for the whole financial year and deducts one twelfth each month as TDS. The year runs from April to March, so 2026-27 means April 2026 to March 2027.

Under the new regime, the default, you get a ₹75,000 standard deduction and slabs from 5 % to 30 %, with the first ₹4 lakh tax free. A rebate makes taxable income up to ₹12 lakh tax free, so salaried people pay no tax up to ₹12.75 lakh a year. The result shows the tax before the rebate and the rebate itself, so you can see what it saves you. Under the old regime the standard deduction is ₹50,000, and you can claim 80C, 80D, HRA and professional tax, but the slabs are higher.

Provident fund is 12 % of basic pay and dearness allowance. Many employers apply it only up to the wage ceiling, which rose from ₹15,000 to ₹25,000 a month on 17 September 2026. That caps it at ₹3,000 a month in 2026-27 and ₹1,800 in 2025-26. Your employer adds the same 12 % plus EDLI and admin charges, shown as the cost to your employer.

Professional tax is a state tax of up to ₹2,500 a year. In Maharashtra and Karnataka it is ₹200 a month and ₹300 in February. Health and Education Cess of 4 % is added to the income tax, and a surcharge applies above ₹50 lakh a year.

Questions

What is the in-hand salary for ₹1 lakh a month in 2026-27?

Under the new regime, with basic pay at half of gross and EPF on the ₹25,000 wage ceiling, you take home ₹97,000. No income tax is due because your taxable income of ₹11.25 lakh is under the ₹12 lakh rebate limit: the tax of ₹4,375 a month is cancelled by the rebate. Only ₹3,000 EPF is deducted. In 2025-26, with the ₹15,000 ceiling, EPF was ₹1,800 and take-home ₹98,200.

Which regime is better for me?

For most people the new regime gives more in-hand pay. The old regime can win if you claim large deductions, such as full 80C, 80D, HRA and home loan interest. Enter your deductions and switch the regime to compare.

How much tax is deducted from ₹2 lakh a month?

Under the new regime about ₹24,375 a month in 2026-27. That is ₹2,92,500 for the year on ₹23.25 lakh of taxable income, including 4 % cess.

What changed between 2025-26 and 2026-27?

Budget 2026-27 kept the slabs, the ₹12 lakh rebate limit and the standard deduction. From April 2026 the Income-tax Act, 2025 replaces the 1961 Act, so section numbers change. The 87A rebate is now section 156. The change you will see is in EPF: from 17 September 2026 the wage ceiling is ₹25,000 a month instead of ₹15,000.

What does the calculator leave out?

HRA and LTA exemptions as separate items, employer NPS, perquisites, bonuses and arrears, and professional tax in states other than those listed. It assumes you are a resident and that your salary stays the same all year.

Sources

Now keep it on track Set the result as a budget in Spendee and see each month how much is left.

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