How this salary calculator works
Plateable separates CTC from the amount that normally reaches your bank account. CTC is not the same as take-home pay: employer PF, gratuity, bonus and other benefits may be part of CTC without being paid as monthly cash. Employer PF, gratuity, annual bonus and other employer benefits can form part of CTC without being part of monthly cash salary. Employee PF, professional tax, TDS and other deductions are then considered when estimating take-home pay.
New tax regime for AY 2026-27
The calculator uses the official AY 2026-27 individual salary tax slabs published by the Income Tax Department: nil up to ₹4 lakh, followed by 5%, 10%, 15%, 20%, 25% and 30% bands. The calculator also applies the ₹60,000 Section 87A rebate where the taxable-income condition is met and adds 4% health and education cess.
Important
- Professional tax depends on the state and payroll rules, so it is an editable input.
- PF treatment can differ depending on the employee's establishment and contribution arrangement.
- Old-regime HRA and deduction calculations are simplified estimates and should not be treated as a tax return computation.