How to calculate take-home salary in India?

Take-home salary = CTC - Employee PF - Income Tax - Professional Tax. Use TaxMate to calculate your exact take-home salary by entering your CTC, basic salary percentage, HRA, and deductions.

Which is better - Old or New tax regime?

It depends on your deductions. Old regime is better if you have high HRA, 80C investments, home loan interest. New regime is better for those with fewer deductions. TaxMate compares both regimes instantly.

What are the tax slabs for FY 2024-25 in India?

New Regime: 0% up to ₹3L, 5% (₹3-6L), 10% (₹6-9L), 15% (₹9-12L), 20% (₹12-15L), 30% above ₹15L. Old Regime: 0% up to ₹2.5L, 5% (₹2.5-5L), 20% (₹5-10L), 30% above ₹10L.

How is HRA exemption calculated?

HRA exemption is the minimum of: Actual HRA received, Rent paid minus 10% of basic salary, or 50% of basic (metro) / 40% of basic (non-metro). TaxMate automatically calculates your HRA exemption.

TaxMate - Free Indian Salary Calculator 2024-25 | Old vs New Tax Regime Comparison

Salary Details

Annual Base Salary

₹

Yearly Bonus

₹

Annual CTC

₹

Basic Salary

HRA

City Type

Employee PF

Employer PF

Salary Details

Tax Deductions (Old Regime)

Other Deductions

Monthly Take-Home

Tax Payable (Annual)

Annual Breakdown

Salary Distribution

Old vs New Regime Comparison

Explanation of Calculations