Salary Calculator
Calculate your monthly in-hand salary from your CTC (Cost to Company). See the complete breakdown of basic salary, HRA, PF deductions, professional tax, and income tax under old and new tax regimes.
Monthly In-Hand
₹96,200
Annual Take-Home
₹11,54,400
Income Tax
₹0
Effective Tax Rate
0%
Salary Breakdown
Annual Take-Home: ₹11,54,400
What is CTC?
CTC (Cost to Company) is the total amount a company spends on an employee per year. It includes your basic salary, allowances (HRA, special allowance), employer contributions (PF, gratuity, insurance), and other benefits. Your in-hand salary (take-home pay) is always lower than CTC because of deductions like employee PF contribution, professional tax, and income tax.
CTC vs In-Hand Salary
The difference between CTC and in-hand salary includes:
- Employer PF contribution — 12% of basic salary (not part of your take-home)
- Employee PF contribution — 12% of basic salary (deducted from salary)
- Professional Tax — ₹200/month in most states (₹2,400/year)
- Income Tax — Based on your taxable income and chosen regime
Components of CTC
A typical Indian CTC structure includes:
- Basic Salary — Usually 40-50% of CTC. Forms the base for PF, HRA, and gratuity calculations.
- HRA — House Rent Allowance, typically 40-50% of basic. Partially exempt from tax if you pay rent.
- Special Allowance — The balancing amount after basic, HRA, and employer PF are allocated. Fully taxable.
- Employer PF — 12% of basic (capped at ₹1,800/month on ₹15,000 wage ceiling).
FAQ: Which tax regime is better for salaried employees?
The new tax regime (FY 2025-26) offers lower tax rates with a higher standard deduction of ₹75,000 and rebate up to ₹12 lakh taxable income. However, it doesn't allow most deductions (80C, 80D, HRA exemption). The old regime has higher rates but allows deductions. Generally, if your total deductions exceed ₹3-4 lakh, the old regime may be better. Use this calculator to compare both regimes for your specific CTC.
FAQ: How is in-hand salary calculated?
In-Hand Salary = CTC - Employer PF - Employee PF - Professional Tax - Income Tax. The calculator breaks down your CTC into basic (40%), HRA (50% of basic), and special allowance, then calculates tax based on your chosen regime. The result is your monthly take-home amount after all deductions.