CTC to In-Hand Salary Calculator 2026
Convert your CTC to in-hand salary. Compare Old vs New tax regime side by side.
Salary Details
12 Lakh
Your total Cost to Company per year
12% employee + 12% employer contribution
25 Thousand
For HRA exemption calculation (Old Regime)
Deductions (Old Regime)
Note: These deductions are only applicable under the Old Tax Regime. New Regime does not allow these deductions but has lower tax rates.
PPF, ELSS, LIC, etc. Max ₹1.5L (EPF already counted)
Self: ₹25K, Parents: ₹25K-50K
Additional ₹50K deduction for NPS
Max ₹2L for self-occupied property
80E (Education loan), 80G (Donations), etc.
Monthly In-Hand (Old)
₹84,007
Monthly In-Hand (New)
₹90,200
Annual Tax (Old)
₹74,318
Annual Tax (New)
₹0
Old Regime vs New Regime Comparison
| Component | Old Regime | New Regime |
|---|---|---|
| Gross Income | ₹11,42,400 | ₹11,42,400 |
| Standard Deduction | ₹50,000 | ₹75,000 |
| HRA Exemption | ₹2,40,000 | Not Allowed |
| Section 80C | ₹57,600 | Not Allowed |
| Section 80D | ₹0 | Not Allowed |
| NPS 80CCD(1B) | ₹0 | Not Allowed |
| Home Loan Interest | ₹0 | Not Allowed |
| Total Deductions | ₹3,47,600 | ₹1,32,600 |
| Taxable Income | ₹7,94,800 | ₹10,09,800 |
| Income Tax | ₹71,460 | ₹0 |
| Cess (4%) | ₹2,858 | ₹0 |
| Total Tax | ₹74,318 | ₹0 |
| Professional Tax | ₹2,400 | ₹2,400 |
| EPF Deduction | ₹57,600 | ₹57,600 |
| Annual In-Hand | ₹10,08,082 | ₹10,82,400 |
| Monthly In-Hand | ₹84,007 | ₹90,200 |
| Effective Tax Rate | 6.5% | 0.0% |
New Tax Regime is better for you
You save ₹74,318 per year
Your Salary Breakdown
Key Points to Remember
- New Regime is default from FY 2023-24. You need to opt out for Old Regime.
- Standard deduction is ₹75,000 in New Regime and ₹50,000 in Old Regime.
- EPF contribution counts towards Section 80C limit (₹1.5 lakh).
- Tax rebate under 87A: ₹7L (New) and ₹5L (Old) taxable income.
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