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In Hand Salary Calculator New Tax Regime 25 26

In-Hand Salary Formula:

\[ \text{In-Hand Salary} = \text{Gross Salary} - \text{Income Tax (New Regime 2025-26)} - \text{PF} - \text{Professional Tax} \]

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1. What is In-Hand Salary?

In-Hand Salary is the actual amount an employee takes home after all deductions like income tax, provident fund (PF), professional tax, etc. It's also known as net salary or take-home salary.

2. How is In-Hand Salary Calculated?

The calculator uses the following formula:

\[ \text{In-Hand Salary} = \text{Gross Salary} - \text{Income Tax} - \text{PF} - \text{Professional Tax} \]

Where:

3. New Tax Regime 2025-26

Tax Slabs:

Note: The new regime offers lower tax rates but without most deductions and exemptions available under the old regime.

4. Using the Calculator

Steps:

  1. Enter your gross annual salary
  2. Enter your PF contribution (if known)
  3. Enter professional tax (varies by state)
  4. Click Calculate to see your in-hand salary

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between gross and in-hand salary?
A: Gross salary is your total salary before deductions, while in-hand salary is what you actually receive after all deductions.

Q2: Why choose new tax regime?
A: The new regime has lower tax rates but fewer deductions. It may benefit those who don't have many investments or expenses eligible for deductions.

Q3: Is PF mandatory?
A: For organizations with 20+ employees, PF is mandatory. The employee contributes 12% of basic salary (typically).

Q4: How is professional tax calculated?
A: It varies by state, typically ranging from ₹200 to ₹2,500 per year. Some states deduct monthly, others annually.

Q5: Are there other deductions not included here?
A: This calculator covers major deductions. Others like health insurance, NPS, etc., would be applicable under old regime only.

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