Take Home Salary Calculator

See exactly what lands in your bank account every month.

Your cost-to-company as per offer letter

%

Typically 40% of CTC. Check your pay slip.

Performance bonus included in CTC (if any)

New regime applies a standard deduction of ₹75,000 (Budget 2024). No other deductions are allowed.

Monthly Take-Home

₹84,124

₹10.1 L/year under New Regime

Annual CTC₹12.0 L
Total Deductions-₹1.9 L
Annual Take-Home₹10.1 L

CTC utilisation

84% in-hand16% deductions
You're on the better regime. You save ₹14,924 vs the old regime.

Monthly Payslip Breakdown

ComponentMonthlyAnnual
Earnings
Basic Salary₹40,000₹4.8 L
HRA₹20,000₹2.4 L
Other Allowances₹35,200₹4.2 L
Deductions
Employer PF-₹4,800₹0
Employee PF-₹4,800₹0
Income Tax-₹6,076₹0
Professional Tax-₹200₹0
Net Take-Home₹84,124₹10.1 L

Old vs New Regime at a Glance

New Regime

Saves ₹14,924
Taxable Income₹10.7 L
Income Tax (incl. cess)₹72,914
Annual Take-Home₹10.1 L
Monthly In-Hand₹84,124

Std deduction: ₹75,000. No 80C/80D/HRA.

Old Regime

Taxable Income₹8.6 L
Income Tax (incl. cess)₹87,838
Annual Take-Home₹9.9 L
Monthly In-Hand₹82,880

Deductions: ₹2.8 L (Std + 80C + 80D + HRA + PF).

What this means for you

💰

Your effective tax rate

You pay 6.1% of your CTC as income tax. The rest goes to PF, professional tax, and your take-home.

You're on the right regime

The New Regime is optimal for your salary. You save ₹14,924 compared to the other option.

🏦

Your PF savings

₹1.2 L/year goes to your provident fund (employer + employee). This builds your retirement corpus.

Want a detailed tax breakdown?

See slab-by-slab computation, deduction planning, and full regime comparison.

Open Income Tax Calculator →

How Take-Home Salary is Calculated

1

Start with CTC

Your total Cost to Company as per offer letter, including all benefits.

2

Subtract employer costs

Employer PF (12% of basic) and gratuity are deducted from CTC.

3

Calculate income tax

Apply tax slabs (old or new regime) to your taxable income after deductions.

4

Arrive at take-home

CTC minus employer PF, employee PF, tax, and professional tax = your in-hand salary.

What to do next

Take Home Salary Calculator India (In-Hand Salary)

Your take-home salary is the actual amount credited to your bank account each month — not your CTC. It is lower because CTC bundles in employer costs, taxes, and deductions that never reach your hands. Use this calculator to find your real in-hand pay before accepting or comparing any job offer.

Why Your Salary is Lower Than CTC

Many employees are surprised when their in-hand amount is significantly less than their CTC. Here is why:

  • Employer PF (12% of basic) is included in CTC but goes directly to your PF account — not your bank.
  • Employee PF (another 12% of basic) is deducted from your gross salary each month.
  • Income tax is deducted based on your slab and the regime you choose.
  • Professional tax (up to ₹2,400/year) is deducted by most state governments.

A ₹12 lakh CTC, for example, typically results in ₹75,000–₹85,000 per month in-hand depending on tax and deductions.

How to Increase Your Take-Home Salary

You can legally improve your net monthly pay with a few smart decisions:

  • Choose the right tax regime — use the calculator above to compare old vs new instantly.
  • Under the old regime, claim Section 80C (up to ₹1.5 lakh via PF, ELSS, LIC).
  • Claim Section 80D for health insurance premiums (up to ₹25,000 self; ₹50,000 senior parents).
  • If you pay rent, claim HRA exemption — it can significantly reduce taxable income.
  • Ask your employer to restructure salary components (higher HRA, meal coupons, LTA).

Frequently Asked Questions

What is take-home salary?

Take-home salary is the amount credited to your bank account after all statutory deductions — income tax, employee PF, and professional tax.

What is the difference between CTC and in-hand salary?

CTC includes employer-borne costs (employer PF, gratuity provisioning) and all benefits, while in-hand salary is what you actually receive after deductions.

Which tax regime gives a higher take-home?

It depends on how many deductions you can claim. Use the old/new toggle above to compare your exact numbers in real time.

Related Tools

Updated as per latest income tax rules (FY 2024–25 / AY 2025–26).

How it works

  1. 1

    Enter your annual CTC (Cost to Company).

  2. 2

    The calculator deducts Employee Provident Fund (EPF), Professional Tax, and income tax.

  3. 3

    The remaining amount is your monthly in-hand (take-home) salary.

Example calculation

Scenario: CTC of ₹12 LPA

  • Gross monthly = ₹1,00,000
  • EPF deduction (12%) = ₹7,200
  • Professional Tax = ₹200
  • Estimated TDS = ₹5,500
  • Take-Home ≈ ₹87,100 / month

Who benefits & use cases

  • Plan monthly budgets accurately before accepting a job offer.
  • Compare offers from different companies with different CTC structures.
  • Understand the impact of allowances like HRA and LTA on your net pay.

Frequently asked questions

Is CTC the same as take-home salary?

No. CTC includes employer contributions (EPF, gratuity, etc.) that you don't receive in hand. Take-home is what gets credited to your bank account after all deductions.

What deductions are made from salary?

Common deductions include EPF (12% of basic), Professional Tax (state-specific), and income tax (TDS) based on your tax slab and declared investments.

How can I increase my take-home pay?

Maximise tax-saving investments under Section 80C (₹1.5L), opt for HRA if you pay rent, and choose the tax regime (old vs new) that benefits you more.