Income tax for FY 2026-27

Income tax calculator, old vs new regime

Your tax and in-hand salary under both regimes. Enter your deductions to see which leaves you more.

₹

In-hand salary, new regime, FY 2026-27

₹1,00,299.58a month

₹12,03,595.00 a year in your bank account from a CTC of ₹15,00,000

In-hand a month under each regime
Where your ₹15,00,000 CTC goesA month
  • In your bank₹1,00,299.5880%
  • Saved for youPF ₹15,000, gratuity ₹3,006 after five years₹18,006.2514%
  • Income tax₹6,485.835%
  • Professional tax₹208.33<1%

    Checked against the Income-tax Act 2025 and Budget 2026 on 20 October 2026. How we calculate

    Old regime deductions

    Your PF already counts towards the ₹1,50,000 limit for 80C, now section 123.

    Up to ₹25,000 for yourself and family (₹50,000 if you are 60 or over). Parents’ cover is not included.

    Up to ₹50,000.

    Up to ₹2,00,000 for a home you live in.

    Salary structure and PF
    City for HRA

    Metro means Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Pune, Ahmedabad or Bengaluru. Leave HRA blank to use 50% of basic in a metro and 40% elsewhere.

    Estimated payslipNew regime, FY 2026-27

    Earnings

    Basic salary50% of CTC₹62,500.00
    House rent allowance50% of basic₹31,250.00
    Special allowanceThe rest of your fixed pay₹20,743.75
    Gross salary₹1,14,493.75

    Deductions

    Provident fund12% of basic₹7,500.00
    Professional taxMaharashtra: ₹200 a month and ₹300 in February.₹208.33
    Income tax (TDS)On taxable income of ₹12,98,930: 5% of ₹4,00,000 + 10% of ₹4,00,000 + 15% of ₹98,930, 4% cess₹6,485.83
    Total deductions₹14,194.17
    In-hand salarya month₹1,00,299.58

    Also in your CTC, not paid as salary

    Employer PF12% of basic, paid into your EPF and EPS pension accounts₹7,500.00
    Gratuity4.81% of basic, paid when you leave after five years' service₹3,006.25

    Checked 20 October 2026 against the Income-tax Act 2025 (sections 17, 19, 156, 202 and 516), the Budget 2026 papers, EPFO notification S.O. 5109(E) and state professional tax schedules. How we check.

    Assumes one employer for the whole year, no ESI (salary above ₹21,000 a month), no benefits in kind and no other income. Monthly figures are the yearly amounts divided by 12. Why in-hand is less than CTC.

    These figures are estimates based on the information you entered and the rules for tax year 2026-27 under the Income-tax Act 2025 as it stands after Budget 2026, EPFO notifications and state professional tax schedules. They are general information, not tax, financial or legal advice. Your actual in-hand salary can differ, for example because of your company's salary structure, variable pay, PF rules, your regime choice, TDS timing or your state. Check your payslip, or ask your payroll team or a chartered accountant, before relying on these figures.

    Both regimes side by side

    New regimeOld regime
    Taxable income₹12,98,930₹9,21,430
    Income tax and cess₹77,830.00₹1,00,660.00
    In-hand a month₹1,00,299.58₹98,397.08
    In-hand a year₹12,03,595.00₹11,80,765.00

    What the new regime allows

    The new regime is the default. It has lower slab rates and a ₹75,000 standard deduction, and taxable income up to ₹12 lakh pays no tax. Most deductions are not allowed: no HRA exemption, no 80C, no 80D and no home loan interest on a self-occupied home. Your employer's NPS contribution, up to 14% of basic, is still deductible.

    What the old regime allows

    The old regime has higher rates and a ₹50,000 standard deduction, but allows the HRA exemption, up to ₹1,50,000 under section 123 (formerly 80C, which your PF counts towards), health insurance under section 126 (formerly 80D), an extra ₹50,000 for your own NPS, and up to ₹2,00,000 of home loan interest on a home you live in. Professional tax is deductible too.

    Taxable income, under 60Old regime rate
    Up to ₹2,50,000Nil
    ₹2,50,001 to ₹5,00,0005%
    ₹5,00,001 to ₹10,00,00020%
    Above ₹10,00,00030%

    Sources: Income-tax Act 2025, section 202 (tax rates); section 19 (standard deduction); section 156 (rebate); section 123 (formerly 80C); section 124 (NPS, formerly 80CCD); section 126 (health insurance, formerly 80D); section 22 (home loan interest); Schedule III and rule 279 (house rent allowance).

    Choosing a regime

    Salaried employees choose a regime each year, and can switch from year to year. Tell your employer at the start of the year so that TDS uses the right one; you make the final choice when you file your return. section 392 (tax deducted from salary).

    In-hand salary by CTC

    Every CTC from 3 to 200 LPA

    More tools