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SalaryIntel

Salary calculator

CTC to take-home under FY2026-27, recalculated as you type.

Your salary

Everything recalculates as you type.

Old-regime deductions(not applicable in the new regime)

Monthly take-home

₹1,22,045

₹14,64,543 per year

Monthly gross

₹1,39,914

₹16,78,968 / yr

Income tax

7.5%

₹1,25,625

effective rate of gross

Where the CTC goes

Annual CTC ₹18,00,000

Computation sheet

The exact steps the tax engine took — FY2026-27, New Tax Regime (Section 115BAC) — default.

  1. 1Regime: New Tax Regime (Section 115BAC) — default (FY2026-27).
  2. 2Gross income ₹16,78,968.00 − standard deduction ₹75,000.00 − other deductions ₹0.00 = taxable income ₹16,03,968.00.
  3. 3Slab ₹0.00 – ₹4,00,000.00 at 0%: tax on ₹4,00,000.00 = ₹0.00.
  4. 4Slab ₹4,00,000.00 – ₹8,00,000.00 at 5%: tax on ₹4,00,000.00 = ₹20,000.00.
  5. 5Slab ₹8,00,000.00 – ₹12,00,000.00 at 10%: tax on ₹4,00,000.00 = ₹40,000.00.
  6. 6Slab ₹12,00,000.00 – ₹16,00,000.00 at 15%: tax on ₹4,00,000.00 = ₹60,000.00.
  7. 7Slab ₹16,00,000.00 – ₹20,00,000.00 at 20%: tax on ₹3,968.00 = ₹793.60.
  8. 8Tax as per slabs: ₹1,20,793.60.
  9. 9Health and education cess at 4%: ₹4,831.74.
  10. 10Total tax: ₹1,25,625.34 (effective rate 7.5% of gross income).

Based on official government provisions configured for FY2026-27; verify against the latest publications at incometax.gov.in before relying on these figures.

Deductions applied

  • Employee Provident Fund · 80C₹86,400
  • Professional Tax · 16(iii)₹2,400

Tax optimization opportunities

Exact savings from statutory levers you haven't fully used, each computed by re-running the full pipeline — not estimated from marginal rates. These apply under the old regime.

  • HRA exemption · 10(13A)

    Rent of ₹4,32,000.00 per year (≈ ₹36,000.00/month) fully uses your HRA exemption. Rent must be genuinely paid, with receipts and the landlord's PAN above ₹1L/year.

    saves ₹1,12,320

    headroom ₹3,60,000

  • Home loan interest (self-occupied) · 24(b)

    Claim interest actually paid on a self-occupied home loan, up to ₹2,00,000.

    saves ₹62,400

    headroom ₹2,00,000

  • Section 80C umbrella · 80C

    Invest the headroom in any 80C instrument (PPF, ELSS, life insurance, home-loan principal…). Employee PF already inside the umbrella is accounted for.

    saves ₹19,843

    headroom ₹63,600

  • Additional NPS · 80CCD(1B)

    Contribute the headroom to NPS Tier-I over and above 80C.

    saves ₹15,600

    headroom ₹50,000

  • Health insurance — self & family · 80D

    Raise self/family health cover premium up to the age-based cap.

    saves ₹7,800

    headroom ₹25,000

  • Health insurance — parents · 80D

    Insure parents; the cap rises to ₹50,000 when they are senior citizens.

    saves ₹7,800

    headroom ₹25,000

Taking everything above saves ₹2,06,686 under the old regime — which then beats the new regime by ₹46,779.

LTA (Section 10(5)): actual travel fare within your LTA component is exempt for two journeys per block — claim it through your employer; the value depends on real travel spend, so no figure is projected here.

Every figure above is exact for your inputs: the FY2026-27 pipeline was re-run per lever. Savings interact, so the joint total (₹2,06,686.28) is computed, not summed.

Based on official government provisions; verify against the latest publications at incometax.gov.in.