Salary slip, decoded
Sample: Ananya, 32, product analyst in Bengaluru. ₹18 lakh a year, pays rent, one car loan, one child in school.
₹1,747 more a month, same CTC
Every line of your payslip in plain words: what is taxed, what is not, and one fix.
PayslipOctober 2026
| Earnings | Amount | New regime | Old regime |
|---|---|---|---|
| Basic | ₹60,000 | Taxed | Taxed |
| HRA | ₹30,000 | Taxed | Part tax free with rent receipts |
| Leave travel allowance | ₹4,000 | Taxed | Tax free for 2 trips in 4 years, with tickets |
| Special allowance | ₹56,000 | Taxed | Taxed |
| Gross | ₹1,50,000 | ||
| Deductions | Amount |
|---|---|
| Employee PF (12% of basic) | ₹7,200 |
| Professional tax | ₹200 |
| Income tax (TDS) | ₹12,983 |
| Net pay | ₹1,29,617 |
In plain words
- Basic: Sets your PF, HRA and NPS limits.
- Special allowance: Move ₹8,400 of this to employer NPS.
- Employee PF (12% of basic): Counts in Sec 123 (old 80C) in the old regime.
- Income tax (TDS): Worked out by your employer on the regime you declared.
Employer NPS at 14% of basic, Sec 124 (old 80CCD(2)): ₹20,960 a year₹1,747 more a month