Your Salary Breakdown 💰

Understanding the Rules

• New Tax Regime: This calculator uses the default simplified tax slabs, which apply a flat **₹50,000 standard deduction**.
• Provident Fund (EPF): Employee contribution is calculated at a standard **12% of your basic salary**, which is capped at a monthly amount of ₹15,000.
• Income Tax: This is calculated based on your annual income after deductions. We've included the mandatory **4% Cess** on the total tax.
• Professional Tax: A state-level tax, typically a fixed amount up to **₹2,500 annually**.
• What about GST?: **GST (Goods and Services Tax)** is a consumption tax on goods and services, not a direct tax on salary. It's paid by businesses, not employees, and is included in the price of products you buy.