New Zener Diode Circuit Diagram

Here we used the 12-0-12 step-down 500mA power transformer. The output of the transformer is supply to the bridge rectifier made of D2 , D3, D4, D5 which is use to convert the Ac supply to the DC supply. Capacitor C1 is used as a filter the DC output. We used  470 μF capacitor  but you can used any. More the value of capacitor more pure DC can be obtained. Resistor R2 of 2.2K is used as bleeder. Here you can see the transistor T1 [BC147B] and transistor T2 [SL100] are use for regulator compressor.

The DC output is fed to these transistors. T1 acts as a series pass driver or a current regulator. Base bias for transistor T1 is achieved from the supply through resistor  R3 of 680 ohms  as resistor R2 of  10k is a base bleeder and capacitor C2 1 μF  filters base potential. When the test probe is fully open with no zener connected, the base potential of transistor T1 is around 32V that is across resistor R4 or capacitor C2.

New Zener Diode Circuit Diagram 

Transistor T1 [BC147B] provides the base potential for transistor T2 [SL100] which acts as a series pass regulator, providing the net DC voltage equivalent to T1 base potential which is fed to the voltmeter.

Now, the voltmeter reads around 30V with no zener diode connected across the probe. When a zener  diode is connected across the test probe, the base potential of transistor T1 falls to zener diode breakdown voltage. With this, the base potentials for transistor T2 and transistor T1 become equal. The meter now shows the actual zener voltage. An adjustment of 0.6 V can be done on the meter scale by shifting the needle with zero adjustment screw on the meter.