Salary In-Hand Calculator (India)
Got a job offer and wondering what actually lands in your account every month? Enter your CTC and this breaks it all down after PF, professional tax, and income tax. Based on new tax regime FY 2024-25.
This calculator is designed for India. Rates and rules are based on Indian regulations. Outside India? Try our Gross to Net Salary Calculator →
Enter your yearly CTC as mentioned in offer letter
How to use
- Enter your annual CTC as mentioned in your offer letter.
- The tool assumes a standard structure: 40% basic, HRA at 50% of basic. Most corporate salaries are structured something like this.
- PF is deducted at 12% of basic, capped at ₹1,800 a month.
- Tax is calculated under the new regime for FY 2024-25.
- Hit Calculate to see your monthly take-home and a full deduction breakdown.
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CTC (Cost to Company) is the total annual expenditure your employer incurs for you, it includes gross salary, employer PF contribution (12% of basic), gratuity provision, and any other benefits. Your in-hand (take-home) salary is what reaches your bank account after deducting employee PF (12% of basic), Professional Tax, and income tax TDS.
As a rule of thumb, take-home salary is roughly 70–80% of CTC for mid-range salaries. This gap widens at higher CTCs due to progressive income tax. Understanding the difference helps you negotiate better and plan your finances accurately, many job seekers confuse CTC with actual salary.
Frequently Asked Questions
What components make up CTC?
Typically: Basic salary (40–50% of CTC), HRA (40–50% of basic), Special allowance (variable), Employer PF contribution (12% of basic), Gratuity provision (~4.8% of basic), and sometimes LTA, medical allowance, or variable performance bonus.
How is Employee Provident Fund (EPF) calculated?
The employee contributes 12% of basic salary to EPF; the employer matches it. Of the employer's 12%, 8.33% goes to EPS (pension scheme) and 3.67% to EPF, subject to a statutory wage ceiling. Both contributions are tax-deductible under Section 80C (employee share) and are tax-free at maturity.
What is Professional Tax and who pays it?
Professional Tax (PT) is a state-level tax on employment income, capped at ₹2,400 per year. States like Karnataka (₹2,400/yr), Maharashtra (up to ₹2,500/yr), and West Bengal levy it. Delhi, Haryana, and several other states do not. It is deducted from your salary and is tax-deductible.
Can I opt out of PF contributions?
Employees whose basic salary exceeds ₹15,000 at the time of joining a new employer (and who have never been PF members) can opt out. Existing PF members must continue contributions. Opting out increases take-home but reduces retirement savings and the Section 80C benefit.
Disclaimer: Results are estimates for informational purposes only and do not constitute financial, tax, or investment advice. Figures may vary based on actual terms. Always consult a qualified financial advisor before making financial decisions.