New tax regime calculator FY 2025-26

Yes, under the new regime. The ₹75,000 standard deduction brings ₹12.75 lakh of salary down to ₹12 lakh of taxable income, and the section 87A rebate of up to ₹60,000 cancels the slab tax on it. Employer PF and gratuity inside your CTC are not salary, so the CTC that pays no tax is a little higher still.

Up to ₹4 lakh = nil; ₹4 lakh to ₹8 lakh = 5%; ₹8 lakh to ₹12 lakh = 10%; ₹12 lakh to ₹16 lakh = 15%; ₹16 lakh to ₹20 lakh = 20%; ₹20 lakh to ₹24 lakh = 25%; above ₹24 lakh = 30%. A 4% health and education cess is added to the tax, and surcharge applies above ₹50 lakh of income, capped at 25% in the new regime.

If your taxable income crosses the ₹12 lakh rebate limit by a small amount, your tax (before cess) cannot exceed that excess. On ₹12.1 lakh of taxable income the slabs give ₹61,500, but marginal relief caps it at ₹10,000, plus 4% cess, ₹10,400 in all. The calculator applies this automatically, along with marginal relief at each surcharge threshold.

The standard deduction, and your employer’s NPS contribution under section 80CCD(2), up to 14% of basic salary. That NPS deduction is the one salary lever left in the new regime: routing part of a taxable allowance into employer NPS cuts tax at your top rate. Employer contributions to PF, NPS and superannuation together are tax free only up to ₹7.5 lakh a year.

Switch to "Offer breakup", then drop in the PDF or paste the salary table. Each line (basic, HRA, allowances, bonus, PF, NPS, reimbursements) is tagged by what it is, because that decides whether it is paid monthly, paid later, taxed or saved for you. Monthly in-hand is then the monthly cash components, minus your 12% PF, professional tax and the TDS on your fixed pay.

Your bonus is taxed at your top marginal rate, not your average rate: 31.2% for most incomes above ₹24 lakh (30% plus cess). Set the payout you expect, from 0% to 150% of target, and the calculator shows the amount after tax and per payout. A ₹2 lakh target bonus at 100% leaves about ₹1.38 lakh in the 30% bracket.

Into four places. Some reaches your bank (salary, reimbursements and bonus after tax). Some is saved for you but locked away: your PF, the employer’s matching PF, employer NPS and gratuity. Some goes to income tax and professional tax. And some, like insurance or a car lease, is a benefit that is never paid as cash. The calculator splits every rupee of the CTC into these groups.

If it is paid to you as cash, it is fully taxable like any allowance. If your employer instead provides a leased car that you also use privately, only a fixed perquisite value is taxed: ₹8,000 a month for a car up to 1.6 litres, ₹10,000 above, plus ₹3,000 if a driver is provided. Mark the line as "Car lease" to compare.