Advertisement — 728×90
Home/ Tax & Salary/ In-Hand Salary
wallet

In-Hand Salary Calculator

Compare Old vs New tax regime — find your best monthly take-home from CTC for FY 2024-25

tuneSalary Details
Annual CTC (₹)
₹
Total Cost to Company per year
Basic Salary %
City Type (for HRA)
Monthly Rent Paid (₹)
₹
For HRA exemption (Old Regime only)
Allowances / Month (Optional)
Phone (₹/mo)
₹
Exempt ≤ ₹1,200
Fuel (₹/mo)
₹
Exempt ≤ ₹1,600
Driver (₹/mo)
₹
Exempt ≤ ₹900
Food (₹/mo)
₹
Exempt ≤ ₹2,200
Tax Savings — Old Regime Only
80C Deductions (₹)
₹
Max ₹1,50,000
80D Medical (₹)
₹
Max ₹25,000

functions Regime Comparison

Old: Std Ded ₹50K + HRA + 80C + 80D + Allowances

New: Only Std Ded ₹75K — no other exemptions

New Regime 87A: Zero tax if taxable ≤ ₹7L

Old Regime 87A: Zero tax if taxable ≤ ₹5L

Old Tax Regime
₹—
Monthly In-Hand
₹—
Annual In-Hand
Tax: ₹—
New Tax Regime
₹—
Monthly In-Hand
₹—
Annual In-Hand
Tax: ₹—
Enter your CTC to compare regimes
Gross Monthly
₹—
Before deductions
HRA Exempt/mo
₹—
Old Regime only
Old Taxable (Annual)
₹—
After all deductions
New Taxable (Annual)
₹—
After ₹75K std ded
Monthly Salary Breakdown
Component Monthly Annual
EARNINGS
Basic Salary — —
HRA — —
Phone Allowance — —
Fuel + Driver — —
Food Allowance — —
Special Allowance — —
Gross Salary — —
DEDUCTIONS
Employee PF (12%) — —
Professional Tax — —
Income Tax (Old) — —
Income Tax (New) — —
Net (Old Regime) — —
Net (New Regime) — —

Old Regime vs New Regime — Which is Better?

The Old Tax Regime lets you claim HRA exemption, 80C (₹1.5L), 80D, allowance exemptions, and Standard Deduction of ₹50,000. The New Regime (FY 2024-25) offers a higher Standard Deduction of ₹75,000 but no other deductions — simpler but only tax-efficient if you have minimal investments.

Generally: if your HRA + 80C + allowance exemptions exceed ₹75,000, Old Regime saves more tax. The New Regime is beneficial if CTC is below ₹7.75 Lakhs (zero tax after 87A rebate) or if you have minimal deductions to claim.

lightbulb Example — ₹15 LPA CTC
Scenario: ₹15 LPA CTC, 50% Basic, metro city, rent ₹20,000/mo, 80C = ₹1.5L
1Basic = ₹7.5L | HRA = ₹3.75L | Gross = ₹13.78L
2Old: HRA exempt + 80C + SD → Taxable ~₹9.5L → Tax ~₹1.08L
3New: SD ₹75K → Taxable ₹13.03L → Tax ~₹1.69L
✓ Old Regime wins by ~₹51K/year here!
live_help

Frequently Asked Questions

Take-home salary, HRA, and tax regime explained

Which tax regime is better — Old or New?
The answer depends entirely on your deductions. The New Regime is better if your total deductions are below ₹3.75L (approximately). It is especially beneficial for CTC below ₹7.75L (zero tax). The Old Regime wins when you have significant HRA exemption, maximum 80C investments (₹1.5L), and additional deductions like 80D and home loan interest. Use this calculator with your actual numbers — even a ₹5,000/month difference adds up to ₹60,000/year.
When must I declare my preferred tax regime to my employer?
Employees must inform their employer of the preferred tax regime at the beginning of each financial year (April). The employer then deducts TDS accordingly. If you don't declare, TDS is deducted under the New Regime by default. You can change your choice when filing ITR (by July 31) — even if TDS was deducted under one regime, you can file under the other and get a refund or pay the difference.
Do phone, fuel, and food allowances actually reduce my tax?
Yes — but only under the Old Tax Regime and only if your employer includes them as separate allowance components (not as part of special allowance). Phone reimbursement is exempt up to ₹1,200/month, fuel allowance up to ₹1,600/month, driver up to ₹900/month, and food/meal coupons up to ₹2,200/month. Employers must provide these through a Flexible Benefit Plan (FBP) for the exemption to apply.

grid_viewRelated Calculators

paymentsSalary Breakdown home_workHRA Exemption account_balanceIncome Tax shieldPF / EPF savings80C Tax Saving
keyboard_arrow_up