Income Tax Calculator: CTC to Take-Home Wizard
Enter your CTC, get instant salary breakdown with auto-calculated PF, and compare New vs Old tax regime to find which saves you more.
CTC Breakdown
Auto-split into components
PF Auto-Added
To 80C deductions
Privacy First
All calculations local
Instant Compare
New vs Old Regime
Important Disclaimer
This Income Tax Calculator is based on the provisions of the Income Tax Act, 1961, incorporating the latest tax slabs for FY 2025-26 (AY 2026-27). It includes both New Tax Regime (Section 115BAC) and Old Tax Regime calculations.
This tool is for informational and illustrative purposes only. Actual tax liability may vary based on individual circumstances. Always consult a qualified Chartered Accountant or tax professional before making tax-related decisions.
Primary Income Details
Enter your annual CTC. We'll automatically calculate the salary breakdown.
= Twelve Lakh Rupees
Your total compensation package including all benefits
New Wage Code (effective Nov 2025) mandates minimum 50% basic
Below 60 years
Metro cities get HRA calculated at 50% of basic salary
Annual CTC
₹12,00,000
Gross Salary
₹11,78,400
Monthly Gross
₹98,200
Your Employee PF contribution of ₹21,600 is automatically included in Section 80C deductions for the Old Regime calculation.
Income Tax Calculation in India
Income tax in India is calculated based on different tax slabs and rates. Taxpayers can choose between the old tax regime (with deductions) and the new tax regime (lower rates, fewer deductions) to minimize their tax liability.
Old Tax Regime Benefits
- • Section 80C deductions (up to ₹1.5 lakh)
- • Section 80D medical insurance deductions
- • HRA, LTA, and other allowances
- • Standard deduction (₹50,000)
New Tax Regime Benefits
- • Lower tax rates across income slabs
- • Simplified tax calculation
- • Higher standard deduction (₹75,000)
- • No need to maintain investment proofs
Frequently Asked Questions
What is the difference between old and new tax regime?
The old tax regime allows various deductions under sections 80C, 80D, etc., while the new tax regime offers lower tax rates but with fewer deduction options. You can choose the regime that results in lower tax liability.
How accurate is this income tax calculator?
Our calculator uses the latest income tax rates and provisions as per Indian tax laws. However, for complex situations involving multiple income sources or special circumstances, consult a qualified tax professional.
Can I calculate tax for multiple assessment years?
Yes, our calculator supports multiple assessment years including AY 2024-25, 2025-26, and 2026-27 with their respective tax slabs and rates to help you plan for current and future years.
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