Take Home Pay Calculator

Take-home pay = Gross salary − (PF + Professional Tax + Income Tax + other deductions). On a ₹15 lakh CTC: roughly ₹1.8 lakh goes to PF (12% of basic), ₹2,400 professional tax, and tax based on your slab and regime. Under the new tax regime (no 80C), tax on ₹15 lakh might be ₹1.5 lakh. So in-hand drops to ~₹11.5 lakh, or about ₹96,000 monthly. The exact number depends on your salary structure (basic, HRA, allowances), regime choice, and deductions. The calculator estimates take-home for both old and new regimes.

In India: Provident Fund (12% of basic), Professional Tax (₹200/month in most states), TDS on salary (based on tax slab and regime), and optional health insurance premium. If you're in NPS, that's another deduction. Some companies also deduct meal cards, transport, or canteen charges. ESI (1.75% of gross) applies if your salary is below ₹21,000/month. In the US, deductions include federal tax, state tax, FICA (Social Security 6.2% + Medicare 1.45%), 401(k) if you contribute, and health/dental/vision premiums. Always review your payslip line by line. The calculator estimates major deductions.

Tax depends on your annual income, regime, and deductions. For a ₹15 lakh annual salary under the new regime (FY 2025-26): tax is roughly ₹1.5 lakh, so about ₹12,500 monthly TDS. Under the old regime, with full 80C and standard deduction, similar income may attract ₹1.25-1.4 lakh tax. For ₹10 lakh income: new regime ~₹52,000 annually, or ~₹4,300/month. TDS may be uneven through the year — typically higher in March as the year ends. The calculator gives a slab-based estimate for both regimes.

In the US, every dollar of pre-tax 401(k) contribution reduces your taxable income, lowering federal and state tax (but not FICA). Example: $80,000 salary in the 22% bracket, contributing $10,000 to 401(k). Tax savings ≈ $10,000 × 27% (federal + state) = $2,700. So your take-home drops by only $7,300, not $10,000. In India, NPS contributions get similar treatment — Section 80CCD allows deduction. Roth 401(k) contributions don't reduce current take-home but provide tax-free withdrawals later. The calculator can show both pre-tax and Roth scenarios side by side.

Common reasons: high TDS in March (as the company catches up on annual tax due), one-time deductions like LWP or advance recovery, increased PF after a basic-pay restructure, new health insurance premium, or a recent bonus that bumped your tax for the month. Compare your latest payslip to the previous month's line by line. If you've recently chosen old regime over new (or vice versa), tax allocation changes mid-year. Sometimes joining a new project triggers ESOP perquisite tax. Ask payroll for a clear breakdown — they're required to provide one. The calculator helps verify expected vs actual.

In the US, state tax can range from 0% (Texas, Florida, Washington) to 13.3% (California top bracket). On a $100,000 salary, that's a difference of $0 to $13,300 a year. So someone earning the same salary in Austin keeps significantly more than in San Francisco. Some states use flat rates (Pennsylvania 3.07%), others use brackets. City taxes add another layer in places like NYC and Philadelphia. In India, professional tax (state-level) is small — usually ₹200/month in most states. The calculator picks up state-specific rates for accurate take-home estimates.

In the US, employer-sponsored health insurance is usually deducted pre-tax, which lowers both federal and FICA taxes. A $300/month premium pre-tax saves about $90 monthly in tax (at 30% combined rate) — so it costs you only $210 in real terms. Family plans of $1,000-1,500/month can shave $4,000-6,000 from your annual take-home but save thousands in tax. In India, group medical insurance premiums paid by you are usually pre-tax too. Always factor employer contribution — sometimes the employer covers most of the premium and you barely notice the deduction.