Salary & Tax Calculator
FY 2025-26 rules · Quickly find your in-hand salary based on your pay
Choose NEW Regime
Saves ₹1,53,161/year
That's ~₹12,763/month vs the other regime
📊 Salary Structure
Gross Salary: ₹15,00,000 = Base Pay ₹15,00,000
- Basic (50%)₹7,50,000
- HRA (100% of basic)₹7,50,000
- Employee PF (annual)₹21,600
HRA Exemption (Old regime only)₹0
min of:
- 1.Actual HRA received₹7,50,000
- 2.50% * Basic (metro)₹3,75,000
- ✓Rent (₹0) - 10% * Basic (₹75,000)₹0
No rent entered → rule 3 is ₹0, so exemption is ₹0.
💰 Estimated In-Hand Salary (per month)
New Regime
- Base Pay₹1,25,000
- - Employee PF-₹1,800
- - Prof. Tax-₹200
- - Income Tax-₹8,125
- In-Hand₹1,14,875
~₹13,78,500/yr
Old Regime
- Base Pay₹1,25,000
- - Employee PF-₹1,800
- - Prof. Tax-₹200
- - Income Tax-₹20,888
- In-Hand₹1,02,112
~₹12,25,339/yr
Difference
₹12,763
/month better
In-hand = Base Pay - Employee PF - Prof. Tax (₹200/mo) - Income Tax. Prof. Tax varies by state; ₹200/mo is the most common slab.
📈 Slab-wise Tax Breakdown
New Regime
✓ BETTER- Gross Salary (incl. Corp NPS on top)₹15,00,000
- Standard Deduction-₹75,000
- 80CCD(2) Corp NPS (max 14% basic)—
- Taxable Income₹14,25,000
Slab-wise Tax
| Slab | Rate | Tax |
|---|
| ₹0 – ₹4,00,000 | 0% | ₹0 |
| ₹4,00,000 – ₹8,00,000 | 5% | ₹20,000 |
| ₹8,00,000 – ₹12,00,000 | 10% | ₹40,000 |
| ₹12,00,000 – ₹16,00,000 | 15% | ₹33,750 |
| ₹16,00,000 – ₹20,00,000 | 20% | — |
| ₹20,00,000 – ₹24,00,000 | 25% | — |
| Above ₹24,00,000 | 30% | — |
- Total Slab Tax₹93,750
- Health & Education Cess (4%)₹3,750
- Total Tax Payable₹97,500
- Effective Rate (on gross)6.50%
Old Regime
- Gross Salary₹15,00,000
- HRA Exemption—
- Standard Deduction-₹50,000
- 80C (EPF + others, cap ₹1.5L)-₹21,600
- 80CCD(1B) Self NPS—
- 80D Health Insurance—
- 24(b) Home Loan Interest—
- 80E Education Loan Interest—
- 80CCD(2) Corp NPS (max 10% basic)—
- Taxable Income₹14,28,400
Slab-wise Tax
| Slab | Rate | Tax |
|---|
| ₹0 – ₹2,50,000 | 0% | ₹0 |
| ₹2,50,000 – ₹5,00,000 | 5% | ₹12,500 |
| ₹5,00,000 – ₹10,00,000 | 20% | ₹1,00,000 |
| Above ₹10,00,000 | 30% | ₹1,28,520 |
- Total Slab Tax₹2,41,020
- Health & Education Cess (4%)₹9,641
- Total Tax Payable₹2,50,661
- Effective Rate (on gross)16.71%
Note: Rebate u/s 87A zeroes out tax if taxable income ≤ ₹12L (new) or ≤ ₹5L (old). Cess of 4% applies to computed tax. Surcharge (10-25%) above ₹50L not modeled in this simple version.
Disclaimer: This tool is built purely to help people get a basic, high-level understanding of how Indian income tax works under the Old and New regimes for FY 2025-26. Real-world tax liability depends on many factors that are not modelled here — including (but not limited to) surcharge on incomes above ₹50L, marginal relief edge cases, specific exemption rules, latest CBDT notifications/amendments, state-specific rules, and case-specific deductions. The numbers shown should not be used for actual tax filing, financial planning, legal, or compliance purposes. No guarantee is made about accuracy or completeness, and neither this tool nor its developer accepts any responsibility or liability for errors, omissions, or any loss arising from its use. For your actual tax situation, please consult a qualified Chartered Accountant or authorised tax advisor.