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Payslip Decoder

Your CTC isn't your salary. Type it in and see what lands in your bank account each month, under both tax regimes.

Tax year 2026-27 · Free · Nothing you type leaves this page

Beta. A chartered accountant is checking these numbers. Use them as a rough guide until then.

Your yearly CTC

₹8 lakh a year

Match your offer letterBasic 50% of CTC · PF on full basic · gratuity in CTC · professional tax ₹200/month

Defaults are typical. Change anything your offer letter says differently.

Basic pay

= ₹33,333 a month

Provident Fund (PF)

Capped means at most ₹3,000 a month. Your offer letter or first payslip will show which.

Variable pay or bonus in CTC

Yearly. Paid later, often only if targets are met.

Other non-cash items in CTC

Yearly. Group health insurance, food cards: anything not paid as monthly salary.

Professional tax a month

Most states charge up to ₹200 a month. Delhi, Haryana and Uttar Pradesh charge none.

Gratuity is part of my CTC

Usually listed in CTC but paid only when you leave after 5 years.

Paying rent or investing? Add it for the old regime

Rent you pay a month

City you work in

Rent counts only for a home in the city where you work.

HRA in your salary

House Rent Allowance. Usually 40–50% of basic.

Other 80C investments a year

ELSS, PPF, life insurance. Your PF already counts. Cap: ₹1.5 lakh in total.

Health insurance premium a year

Section 80D, for you, your spouse and children. Cap: ₹25,000.

Lands in your bank account

New regime Default

₹56,863/month

Tax ₹0/month

Better for you

Old regime

₹53,485/month

Tax ₹0/month

Better for you

Where your ₹8 lakh CTC goes

NewOld

Your CTC, step by step, under the selected regime
Step	Month	Year

Show your working

How we got these numbers

The same rules payroll uses. Hold your first payslip next to this.

New regime Tax ₹0 a year

Old regime Tax ₹0 a year

What to do with this

Tell HR your regime when you join and each April. Say nothing and TDS follows the new regime.
Old regime? Keep proof. Rent receipts, your landlord's details, investment and insurance receipts. No proof, no saving.
You can still switch when you file your return. Salaried people can change regime every year.
Check your first payslip against this. If it's off by more than a few hundred rupees, ask HR which line differs.

Assumptions and limits

Tax year 2026-27 (1 April 2026 to 31 March 2027). You're a resident below 60, and salary is your only income.
Basic includes DA. Under the labour codes, allowances above 50% of pay count as wages for PF and gratuity, so basic is usually at least 50%.
Employer PF is 12% of the same wage as yours. PF admin and insurance (EDLI) charges are left out; if your CTC includes them, add them under other non-cash items.
Gratuity is estimated at 4.81% of basic (15 days' basic for each year of service).
Tax (TDS) is spread evenly over 12 months. Joining mid-year, bonuses and late proofs change the monthly figure; the yearly total is what counts.
Variable pay is shown separately and taxed at your top rate, as if you get all of it.
Old regime: 80C includes your PF and is capped at ₹1.5 lakh; 80D is capped at ₹25,000. Under the Income-tax Act, 2025 these are now sections 123 and 126; most people still use the old names.
Not covered: income above ₹50 lakh (surcharge), employer NPS, LTA, home-loan interest, meal vouchers, and other income such as interest or freelancing.
Figures are rounded to the nearest rupee, so rows can be ₹1 off their total.

Sources

An estimate to help you understand your pay, not tax advice. Your payslip, Form 16 and a chartered accountant are the final word. See our Terms.