Indian Salary Calculator
Break down your CTC into take-home pay under the new tax regime (FY 2024-25).
₹12,00,000
In-Hand / Month
₹85,570
In-Hand / Year
₹10,26,846
Gross Salary
₹11,40,000
Total Deductions
₹1,13,154
Salary Components
Basic Salary (40% of CTC)₹4,80,000
HRA (50% of Basic)₹2,40,000
Special Allowance₹4,20,000
Gross Salary₹11,40,000
Deductions
PF – Employee (12% of Basic)₹57,600
PF – Employer (12% of Basic)₹57,600
Professional Tax (₹200/month)₹2,400
Standard Deduction₹75,000
Income Tax (New Regime + 4% Cess)₹53,154
Tax Slab Breakdown
Taxable income: ₹10,07,400| Slab | Rate | Tax Amount |
|---|---|---|
| ₹0 – ₹3L | 0% | ₹0 |
| ₹3L – ₹7L | 5% | ₹20,000 |
| ₹7L – ₹10L | 10% | ₹30,000 |
| ₹10L – ₹12L | 15% | ₹1,110 |
| ₹12L – ₹15L | 20% | ₹0 |
| Above ₹15L | 30% | ₹0 |
New regime FY 2024-25 · Rebate u/s 87A if income ≤ ₹7L · 4% health & education cess