Calculate your monthly take-home pay after income tax, PF, and deductions. Compare Old vs New tax regime to see which saves you more.
CTC (Cost to Company) includes everything your employer spends on you — basic salary, HRA, PF (employer share), bonuses, and gratuity. In-hand salary is what you actually receive after deducting income tax, PF (employee share), professional tax, and other deductions.
It depends on your deductions. The New Regime has lower slab rates but fewer deductions. If you claim HRA, 80C, 80D, and other deductions exceeding 3-4 lakhs, the Old Regime may be better. For most salaried employees with CTC under 15L and limited deductions, the New Regime wins.
Under the New Regime, the standard deduction is Rs 75,000 per year. Under the Old Regime, it remains Rs 50,000. This is automatically deducted from your taxable income — no proof required.
HRA exemption is the minimum of: (1) Actual HRA received, (2) Rent paid minus 10% of basic salary, (3) 50% of basic for metro cities or 40% for non-metro cities. This exemption is available only under the Old Regime.
Yes, employer PF contribution (typically 12% of basic) is included in CTC but not in your take-home pay. It goes directly to your PF account. This calculator accounts for both employee and employer PF contributions.