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Calculate take-home pay in India under the new tax regime. ₹50,000 standard deduction is applied before brackets are walked, and the tool reports both monthly and annual numbers.
New regime. ₹50,000 standard deduction applied. Excludes cess/surcharge.
Tax computed after a ₹50,000 standard deduction (reduces taxable income only — not take-home).
The new regime is the default from FY 2023-24. It offers lower headline rates but removes most exemptions (80C, HRA, LTA). The calculator applies the ₹50,000 standard deduction automatically.
Up to ₹3 lakh: 0%. Then 5%, 10%, 15%, 20%, and 30% on higher slabs. Add roughly 4% on the computed tax for the health and education cess — that part isn't included here.
Old regime is still available and may be better if you have substantial 80C investments, HRA, and home loan interest. The calculator models the new regime only.
The new regime applies a ₹50,000 standard deduction off CTC before walking brackets from 0% (up to ₹3 lakh) to 30% (above ₹15 lakh). Headline rates are lower than the old regime, but you cannot claim 80C, HRA, LTA, or most other exemptions. For a salaried filer without big section 80C investments, the new regime usually wins.
No — the calculator shows base income tax. Add roughly 4% on top of the computed tax to estimate the health and education cess that the government adds on every rupee of tax. A surcharge also applies for incomes above ₹50 lakh, which isn't modelled here.
Provident fund (PF), professional tax, employer's PF match, gratuity, and ESI aren't shown. You can add them in the Advanced panel if you know the percentages. State professional tax is typically ₹200/month in most states.
Run both. If your section 80C investments, HRA, home loan interest, and other deductions add up to more than roughly ₹2.5–3 lakh per year, the old regime usually wins. Salaried employees without those typically benefit more from the new regime's lower rates and standard deduction.
No. It's a free educational tool using the new-regime FY 2024-25 brackets published by the Income Tax Department. For payslip-accurate numbers and filing, consult a Chartered Accountant.
For information only — not financial, tax, or legal advice.
India take-home estimates use public brackets and the headline social-contribution rates. State / provincial layers and most credits are excluded. Always verify with an official source and a licensed professional before filing, borrowing, or transacting. Read the full disclaimer.
ExpenseFlow tags every transaction automatically — by the time your next pay hits, you'll know exactly where the last one went.
