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Take Home Salary Calculator – Calculate Monthly In-Hand Salary
Your gross salary is not what you receive in your bank account.
The PlanMyReturns Take Home Salary Calculator helps you calculate:
- Monthly in-hand salary
- Annual net salary
- Income tax under new and old regime
- PF deductions
- Detailed salary structure (Basic, HRA, Special Allowance)
This calculator is based on FY 2025-26 tax rules, including rebate provisions and cess.
What Is Take Home Salary?
Take home salary, also called net salary or in-hand salary, is the amount credited to your bank account after:
- Income tax deduction
- Provident Fund contribution
- Professional tax or other deductions
Formula used:
Net Salary = Gross Salary – (Income Tax + PF + Other Deductions)
This calculator shows both monthly and annual figures.
What This Salary Calculator Calculates
Monthly In-Hand Salary
Shows your estimated net pay per month after tax and deductions.
Annual Net Salary
Displays total income received in a year after deductions.
Income Tax (New vs Old Regime)
Calculates tax based on:
- Latest slab rates
- Section 87A rebate (where applicable)
- 4% health and education cess
PF Deduction
Automatically calculates PF based on:
- Basic salary percentage
- PF contribution percentage
Salary Structure Breakdown
Displays:
- Basic salary
- HRA
- Special / Other allowance
- PF deduction
- Income tax deduction
- Net salary
Tax Regime Comparison (New vs Old)
The calculator lets you instantly switch between:
New Tax Regime (FY 2025-26)
- Standard deduction allowed
- Lower slab rates
- Rebate up to ₹7 lakh taxable income
- No major deductions like 80C, HRA exemption (limited)
Old Tax Regime
- Higher slab rates
- Allows deductions like:
- HRA exemption
- PF contribution
- Other salary deductions
Switching regimes updates your tax and net salary instantly.
Salary Structure Inputs Explained
Annual Gross Salary
Total CTC before deductions.
Basic Salary Percentage
Percentage of gross salary considered as basic pay.
HRA Percentage
Calculated as percentage of basic salary.
PF Percentage
Employee provident fund contribution based on basic salary.
Standard Deduction
Currently ₹50,000 (editable).
Other Annual Deductions
Professional tax or additional deductions.
Example
Suppose your annual gross salary is ₹6,00,000 under the new tax regime.
Assumptions:
- Basic salary: 50%
- HRA: 40% of basic
- PF: 12% of basic
- Standard deduction: ₹50,000
The calculator will show:
- Income tax payable
- Total PF deduction
- Monthly in-hand salary
- Annual net pay
- Detailed salary breakup
You can then switch to the old regime to see which one gives higher take home pay.
Why This Calculator Is More Accurate
Most basic salary calculators only subtract tax.
This tool:
- Calculates tax using actual slab logic
- Applies rebate where eligible
- Adds 4% cess automatically
- Separates PF and tax deductions clearly
- Shows both annual and monthly figures
- Generates downloadable CSV
- Allows shareable salary plan link
Who Should Use This Calculator
- Salaried employees comparing new vs old regime
- Freshers calculating in-hand salary from offer letter
- Professionals planning salary negotiation
- Employees reviewing tax planning decisions
- HR professionals explaining salary breakdown
How to Use the Salary Calculator
- Enter annual gross salary
- Select tax regime
- Adjust basic salary percentage
- Adjust HRA and PF percentages
- Add standard deduction and other deductions
- Click Calculate
You will instantly see:
- Monthly in-hand salary
- Tax amount
- PF deduction
- Annual net pay
- Detailed salary table
Frequently Asked Questions
Subtract income tax, employee PF contribution, and other deductions from gross salary. This calculator does it automatically.
It depends on your deductions.
If you claim HRA, 80C, and other benefits, old regime may help.
If you do not claim deductions, new regime often results in lower tax.
Switch between both in this calculator to compare.
Yes. Standard deduction is allowed in the new regime as per current rules.
PF contribution reduces taxable income under the old regime.
Under the new regime, PF does not reduce taxable income.
Under the new regime, taxable income up to ₹7 lakh may qualify for rebate, resulting in zero tax depending on deductions.
Use this calculator for exact computation.
In the old regime, HRA exemption is calculated as the minimum of:
Actual HRA received
50% of basic salary
Rent paid minus 10% of salary
This calculator uses a simplified structure-based approach.
Yes, it follows updated slab rates and rebate provisions. However, final payroll may vary depending on employer policies.