India Take Home Salary Calculator FY 2026-27
Calculate your net salary after income tax, EPF, and deductions under the New or Old Tax Regime
Employee share of EPF. Standard is 12% of basic salary.
Monthly take home
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How the Salary Calculator works
The India Salary Calculator shows your exact take-home pay after income tax, EPF, and professional tax for FY 2026-27 (1 April 2026 to 31 March 2027). Enter your annual CTC or gross salary, choose between the New Tax Regime and Old Tax Regime, and see a full breakdown of deductions — shown annually, monthly, weekly, and daily.
Under the New Tax Regime (default from FY 2023-24), income tax is applied in progressive slabs with a standard deduction of ₹75,000. The first ₹4,00,000 of taxable income is tax-free. Income from ₹4,00,001 to ₹8,00,000 is taxed at 5%, ₹8,00,001 to ₹12,00,000 at 10%, ₹12,00,001 to ₹16,00,000 at 15%, ₹16,00,001 to ₹20,00,000 at 20%, ₹20,00,001 to ₹24,00,000 at 25%, and above ₹24,00,000 at 30%. A Section 87A rebate makes income up to ₹12,00,000 (taxable) effectively tax-free.
The Old Tax Regime has higher rates (5%, 20%, 30%) but allows deductions under Section 80C (up to ₹1,50,000 for PPF, ELSS, LIC, etc.), Section 80D (health insurance), HRA, and other provisions. Choose the old regime if your total deductions exceed ₹3-4 lakhs. A 4% Health and Education Cess is applied on top of all income tax calculations in both regimes.
Example: on a ₹10,00,000 salary in FY 2026-27 under the New Regime, your taxable income after the ₹75,000 standard deduction is ₹9,25,000. Since this is below the ₹12,00,000 rebate threshold, your income tax is ₹0. Your full salary is take-home pay (minus any EPF or professional tax). Use the advanced settings to add EPF contribution and Section 80C/80D deductions.
Frequently asked questions
How much tax do I pay on a ₹10,00,000 salary under the New Regime in FY 2026-27?
On a ₹10,00,000 salary under the New Regime, your taxable income after the ₹75,000 standard deduction is ₹9,25,000. Since this is below the ₹12,00,000 rebate threshold under Section 87A, your income tax is zero. Your entire salary is take-home pay.
Should I choose the New Tax Regime or the Old Tax Regime?
The New Regime is better if you claim few deductions. The Old Regime is better if your total deductions (80C, 80D, HRA, LTA, etc.) exceed ₹3-4 lakhs per year. Use this calculator to compare both regimes with your actual deduction amounts and pick the one with lower tax.
What is the Section 87A rebate in FY 2026-27?
Under the New Regime, if your taxable income (after standard deduction) is up to ₹12,00,000, you get a full tax rebate — meaning zero tax. Under the Old Regime, the rebate applies for taxable income up to ₹5,00,000. This effectively makes salaried income up to ₹12,75,000 tax-free under the New Regime.
How is EPF (Employee Provident Fund) calculated?
EPF is typically 12% of your basic salary, contributed by both employee and employer. The employee contribution reduces your take-home pay but builds retirement savings. In the Old Regime, EPF contributions qualify for deduction under Section 80C (up to ₹1,50,000).
What is the Health and Education Cess?
A 4% cess is applied on top of your total income tax (including any surcharge). For example, if your income tax is ₹1,00,000, the cess adds ₹4,000, making your total tax ₹1,04,000. This cess funds health and education programmes.
What are the income tax slabs under the New Regime for FY 2026-27?
Under the New Regime: up to ₹4,00,000 — nil; ₹4,00,001 to ₹8,00,000 — 5%; ₹8,00,001 to ₹12,00,000 — 10%; ₹12,00,001 to ₹16,00,000 — 15%; ₹16,00,001 to ₹20,00,000 — 20%; ₹20,00,001 to ₹24,00,000 — 25%; above ₹24,00,000 — 30%. A standard deduction of ₹75,000 is applied before calculating taxable income.
What is Professional Tax?
Professional Tax is a state-level tax on salaried individuals, capped at ₹2,500 per year. Not all states levy it, and the exact amount varies. It is deducted by your employer from your salary each month. This calculator applies the maximum of ₹2,500/year when enabled.