Calculate Your Take-Home Pay
Estimate your net paycheck after federal tax, state tax, Social Security, and Medicare. Salary or hourly.
CTC Breakdown
CTC ≠ in-hand! CTC includes: basic (40-50%), HRA (40-50% of basic), PF (12%), gratuity, insurance। ₹10 LPA CTC: in-hand ~₹65,000-72,000/month। Deductions: PF 12%, professional tax ₹200, TDS (income tax)। New tax regime: lower rates but no deductions।
Old vs New Regime
Old: higher rates but 80C (₹1.5L), 80D (₹25K health), HRA, LTA deductions। New: lower rates, almost no deductions। ₹10L+ with investments: old regime usually better। ₹7L or less: new regime।
Nine states have no state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. Moving from California (13.3% top rate) to Texas (0%) saves a $100,000 earner approximately $5,000-8,000 per year in state taxes alone.
