Take Home Salary Calculator

The formula – Your take‑home (net) salary is gross salary minus total deductions and taxes:

Net Salary = Gross Salary – (EPF + Professional Tax + Other Deductions) – Income Tax – Cess

🔢 Key components

• Gross Salary – The total amount you earn annually before any deductions (includes basic, allowances, bonuses, etc.).
• EPF (Employee Provident Fund) – Typically 12% of your basic salary, matched by your employer. This calculator uses the same percentage applied to gross salary as an approximation.
• Professional Tax – A state‑level tax, usually a fixed amount per month (e.g., ₹200/month).
• Income Tax – Calculated based on your taxable income after deductions, using either the new or old tax regime slabs.
• Cess – A 4% health and education cess on the income tax amount.

📊 Tax regimes compared

New Tax Regime (default) – Lower tax rates but you cannot claim most deductions (HRA, 80C, etc.). The slabs for FY 2023‑24 are: 0–3L (0%), 3–6L (5%), 6–9L (10%), 9–12L (15%), 12–15L (20%), above 15L (30%).

Old Tax Regime – Higher tax rates but you can claim deductions (80C, 80D, HRA, etc.). The basic exemption limit depends on age: ₹2.5L for below 60, ₹3L for 60–80, ₹5L for above 80. Slabs then: 5% up to ₹5L, 20% up to ₹10L, 30% above.

This calculator automatically applies the standard deduction of ₹50,000 in the old regime (common for salaried employees).

💡 Example

Suppose your gross annual salary is ₹8,00,000, you choose the new regime, EPF 12% (₹96,000), professional tax ₹200/month (₹2,400), and no other deductions. Taxable income = ₹8,00,000 – ₹96,000 – ₹2,400 = ₹7,01,600. Under new regime, tax = (₹3L×0% + ₹3L×5% + ₹1,01,600×10%) = ₹0 + ₹15,000 + ₹10,160 = ₹25,160. Cess 4% = ₹1,006. Total tax = ₹26,166. Net annual = ₹8,00,000 – (₹96,000+₹2,400) – ₹26,166 = ₹6,75,434. Monthly take‑home ≈ ₹56,286.

🌍 Multi‑currency support

Select your preferred currency from the top dropdown. All amounts are displayed with the chosen symbol; no exchange rate conversion is applied. This helps if you want to compare salaries in different countries or simply prefer a different symbol.

🔄 Real‑time updates

All inputs (slider, dropdowns, number fields) update the results instantly – no need to click Calculate (though the button remains for clarity). Charts and breakdowns adjust immediately.