CTC to In-Hand Salary Calculator (India)

Calculate your monthly take-home salary from annual CTC. Supports PF, HRA, Professional Tax, and Income Tax (Old & New Regime).

Salary Calculator

Enter your annual Cost to Company
Choose your tax regime

Salary Structure (Advanced)

Default: 40%
Default: 40%
Default: 12% (Capped at ₹1,800/month as per EPF regulations)
Default: 12% (Capped at ₹1,800/month as per EPF regulations)
Default: ₹200/month
Optional: Annual bonus amount

📊 Salary Calculation Formula

How is in-hand salary calculated from CTC?

Step 1: Calculate Components

  • Basic Salary = CTC × Basic % (typically 40%)
  • HRA = Basic × HRA % (typically 40% of Basic)
  • Employee PF = Basic × 12% (capped at ₹1,800/month)
  • Employer PF = Basic × 12% (capped at ₹1,800/month)

Step 2: Calculate Gross Salary

Gross Salary = CTC - Employer PF - Bonus

This is your salary before deductions.

Step 3: Calculate Taxable Income

Taxable Income = Gross Salary - Employee PF - Professional Tax - Standard Deduction

Standard Deduction: ₹50,000 (both Old & New Regime)

Step 4: Calculate In-Hand Salary

In-Hand Salary = Gross Salary - Employee PF - Professional Tax - Income Tax

Income Tax is calculated based on Indian tax slabs (FY 2024-25) with 4% cess.

Note: Income tax is calculated using progressive tax slabs. The calculator applies the correct tax rate based on your taxable income and selected tax regime (Old or New).

❓ Frequently Asked Questions (FAQ)

In-hand salary = Gross Salary - Employee PF - Professional Tax - Income Tax

Where Gross Salary = CTC - Employer PF - Bonus

The calculator uses Indian tax slabs (FY 2024-25) and includes standard deduction of ₹50,000 for both Old and New tax regimes. Employee PF is capped at ₹1,800/month as per EPF regulations.

CTC (Cost to Company) is the total annual cost an employer spends on an employee, including:

  • Basic salary, HRA, and other allowances
  • Employer PF contribution
  • Bonus and variable pay
  • Other benefits

In-hand salary is the amount you receive in your bank account after all deductions (Employee PF, Professional Tax, Income Tax).

Typical difference: In-hand salary is usually 60-70% of CTC, depending on your salary structure and tax regime.

Old Tax Regime:

  • Higher tax rates but allows deductions (HRA, 80C, 80D, etc.)
  • Standard deduction: ₹50,000
  • Best for: Employees with investments in tax-saving instruments (PPF, ELSS, insurance, etc.)

New Tax Regime:

  • Lower tax rates but minimal deductions (only standard deduction of ₹50,000)
  • Simplified tax structure
  • Best for: Employees with minimal tax-saving investments

Tip: Use our calculator to compare both regimes and choose the one that gives you higher in-hand salary.

As per EPF (Employees' Provident Fund) regulations, PF contribution is calculated as 12% of basic salary, but it's capped at ₹1,800/month (12% of ₹15,000).

This means:

  • If your basic salary is ₹15,000 or less: PF = 12% of basic
  • If your basic salary is more than ₹15,000: PF = ₹1,800/month (maximum)

This cap applies to both Employee PF and Employer PF contributions.

Professional Tax is a state-level tax levied on salaried individuals. The amount varies by state:

  • Maharashtra, Karnataka, West Bengal: ₹200/month (₹2,400/year)
  • Gujarat: ₹200/month for salary up to ₹5 lakh, ₹300/month for higher
  • Andhra Pradesh, Telangana: ₹200/month
  • Some states: No professional tax

Our calculator uses ₹200/month as the default, which is the most common rate. You can adjust this value in the calculator based on your state.

No, HRA tax exemption is not calculated in this tool.

HRA exemption depends on:

  • Actual rent paid
  • Location (metro vs non-metro cities)
  • HRA received
  • 10% of basic salary

If you're claiming HRA exemption, your actual tax would be lower than shown in the calculator. The calculator shows a conservative estimate without HRA exemption to ensure accuracy for all users.

Note: HRA exemption is only available in the Old Tax Regime, not in the New Tax Regime.

This calculator provides estimates based on standard salary structures and FY 2024-25 tax slabs.

What's included:

  • ✓ Basic salary, HRA, PF calculations
  • ✓ Professional Tax
  • ✓ Income Tax (Old & New Regime) with correct tax slabs
  • ✓ Standard deduction (₹50,000)
  • ✓ PF caps as per EPF regulations

What's not included:

  • ✗ HRA tax exemption (depends on actual rent)
  • ✗ Section 80C, 80D, and other deductions (Old Regime)
  • ✗ Company-specific policies and additional benefits

Recommendation: Always consult with a tax advisor or CA for accurate calculations based on your specific situation, investments, and company policies.

⚠️ Disclaimer & Important Notes

  • This calculator provides estimates only. Actual salary may vary based on your company's specific policies.
  • Tax calculations are based on FY 2024-25 tax slabs. Both Old and New regimes have a standard deduction of ₹50,000.
  • Employee PF is capped at ₹1,800/month (12% of ₹15,000 basic salary) as per EPF regulations.
  • HRA tax exemption is not calculated (depends on actual rent paid and location).
  • Additional deductions (80C, 80D, etc.) under Old Regime are not included.
  • Professional Tax varies by state (₹200-₹250/month typically).
  • Always consult with a tax advisor or CA for accurate calculations based on your specific situation.