Most take-home salary calculators only work under one tax regime. This one is also a new tax regime calculator and an old tax regime calculator in one: switch between the New and Old Tax Regime, or read both numbers side by side, and see which one leaves you with more money each month instead of guessing.
Since the New Tax Regime became the default in FY 2023-24, most salaried employees never revisit whether the Old Regime would actually work out better for them. It usually comes down to how much you can claim in HRA exemption and Section 80C investments (up to Rs 1,50,000). If those two add up to a meaningful chunk of your salary, the Old Regime can still win. If you pay little rent and invest little toward 80C, the New Regime almost always wins because of its higher rebate threshold. This calculator runs your numbers through both regimes automatically so you do not have to calculate twice.
Under the New Regime for FY 2025-26 (AY 2026-27): nil up to Rs 4,00,000, then 5 percent on Rs 4,00,001 to 8,00,000, 10 percent on 8,00,001 to 12,00,000, 15 percent on 12,00,001 to 16,00,000, 20 percent on 16,00,001 to 20,00,000, 25 percent on 20,00,001 to 24,00,000, and 30 percent above 24,00,000. A Section 87A rebate makes tax nil for taxable income up to Rs 12,00,000, with marginal relief just above that.
Rs 75,000 for salaried individuals under the New Regime for FY 2025-26, against Rs 50,000 under the Old Regime. This calculator applies the correct figure for whichever regime you select.
Whichever this calculator shows a higher monthly in-hand for, based on your real rent and 80C investments. Enter those in the Old Regime fields for an accurate comparison. As a rough guide, heavy HRA and 80C users lean Old; everyone else leans New.
Salaried employees without business income can choose their regime every financial year when filing returns, and can also declare a regime to their employer for TDS. With business or professional income, switching back to the Old Regime after opting for the New Regime is restricted, so check with a tax advisor.
ESI only applies when gross monthly salary is at or below Rs 21,000. Most users of this calculator earn above that threshold, so it will not appear unless your numbers fall under it.
No, it estimates take-home pay and tax liability for planning only. Use it to understand your numbers before filing, not as a substitute for filing or for advice on your specific situation.
Want to see how your CTC splits into Basic, HRA and other components first? Try the Salary Breakup Calculator, or the Income Tax Calculator for a deductions-first view.