Trending @Capgemini; SALARY
How to calculate in-hand salary from New Regime, please anyone helps me in this scenario? or any formula?
It should be like your yearly salary minus the bonus and gratuity. Then that amount minus the yearly PF, PT and mediclaim if you have. Then standard deduction of 75k. Then what ever is left if it’s uptil 12lakh then there shouldn’t be any tax and you can divide it by 12. Above that you will taxed as per tax bracket. But what I found is new tax regime is still going to be beneficial for high income individual as well and the in hand will increase.
Go to payroll HGS in service central and click on OAAR allocation and there you will see gross monthly pay
Wait for few days, there will be calcultor in HGS portal to decide on regime based on your salary .
Will salary get updated now? Will 4 lpa people get more
In Hand Salary = [Gross Monthly Salary - Employee PF - Professional Tax (if any) - TDS/Income Tax]
