New Delhi, June 13 -- A 10% salary hike may look like a big jump on paper, but the actual increase in your bank account can be much lower after taxes and deductions. Here's a look at the breakup across income levels and how you can maximise your post-tax gains.

An employee earning Rs.12 lakh annually receives an additional Rs.1.2 lakh. Earlier, the employee did not have to pay any income tax. However, after the hike, the income becomes taxable. The employee pays Rs.46,800 in taxes after marginal relief, following which, the actual take-home gain of only Rs.73,200

Likewise, an individual earning Rs.20 lakh annually who receives a Rs.2 lakh salary hike would effectively take home about Rs.1.52 lakh of the increase, after paying an additio...