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Paycheck calculator: federal tax, Social Security and 401(k)

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

See your pay after federal income tax, Social Security, Medicare and a 401(k). State tax is not included.

2026 federal brackets, standard deduction and Social Security wage base from the IRS. Estimate.

Common questions

Does a 401(k) reduce Social Security tax?

No. It lowers income tax only, not payroll taxes.