About India Income Tax & In-Hand Salary Studio (Budget 2024–2026 Old vs New Regime)
Official Indian income tax and monthly in-hand salary calculator compliant with Union Budget amendments. Features side-by-side comparison of the New Tax Regime (Section 115BAC with enhanced ₹75,000 standard deduction, ₹7,00,000 zero-tax 87A rebate limit, and revised 5% to 30% slabs) versus Old Tax Regime (₹50,000 standard deduction, Section 80C up to ₹1.5L, 80D Mediclaim, and HRA exemption). Computes 12% EPF, Professional Tax, and 4% Health & Education cess. 100% private in Indian Rupee (₹ INR).
Key Capabilities & Features
- Side-by-side Old vs New Tax Regime comparison with automatic tax-saving recommendation
- Budget 2024 revised New Regime slabs with enhanced ₹75,000 standard deduction
- Section 87A rebate computation (zero tax up to ₹7.75 Lakhs gross in New Regime)
- Employee Provident Fund (EPF 12% on basic) and Professional Tax integration
- Itemized deduction modeling: 80C (PPF/ELSS/LIC), 80D health insurance, and HRA
How to Use India Income Tax & In-Hand Salary Studio (Budget 2024–2026 Old vs New Regime)
Enter Annual CTC
Input your annual Cost to Company (CTC) or gross salary in Indian Rupees (₹ INR).
Input Deductions (Old Regime)
Enter your Section 80C investments, 80D medical premium, and HRA rent exemption.
Compare & Choose
See instantly whether Old or New Regime saves more tax and view your monthly in-hand take-home pay.
Privacy & In-Browser Execution Guarantee
100% Client-Side. Your Indian CTC, EPF, and tax deduction figures are computed strictly in local browser memory.
Frequently Asked Questions
What is the zero tax limit under the New Tax Regime?
With the ₹75,000 standard deduction and Section 87A rebate (covering taxable income up to ₹7,00,000), salaried individuals earning up to ₹7,75,000 gross per year pay ₹0 income tax under the New Regime.