Salary In-Hand Calculator
Calculate your exact take-home from CTC for FY 2026-27. New vs Old regime comparison, PF deductions broken down — no hidden assumptions.
Total Cost to Company — fixed pay only, enter bonus separately below.
Typically 40–50%. Affects PF deduction.
PF wage base is capped at ₹15,000/mo per EPFO statutory default — most employers use this.
Max 14% of basic (₹67,200) under new regime.
Both regimes are always calculated — this selection highlights your preferred regime in the inputs below.
Excludes gratuity and professional tax (state-variable). Calculations are illustrative — consult a CA for filing decisions.
Monthly In-Hand
₹96,400
Annual In-Hand
₹11,56,800
Total Tax
₹0
Taxable Income
₹11,03,400
Monthly TDS
₹0
Your ₹12,00,000 CTC results in zero tax because Employer PF (₹21,600) is excluded from gross, and the ₹75,000 standard deduction brings taxable income to ₹11,03,400 — fully covered by the ₹12L rebate threshold.
Monthly In-Hand
₹83,312
Annual In-Hand
₹9,99,739
Total Tax
₹1,57,061
Taxable Income
₹11,28,400
Monthly TDS
₹13,088
Want a deeper regime comparison with deductions? Try the Tax Regime Calculator →
Have investment gains too? Calculate your capital gains tax →
PF Breakdown (Monthly)
| Component | New Regime | Old Regime |
|---|---|---|
| CTC (Annual) | ₹12,00,000 | ₹12,00,000 |
| Less: Employer PF (Annual) | −₹21,600 | −₹21,600 |
| Less: Employer NPS | −₹0 | −₹0 |
| Gross Salary | ₹11,78,400 | ₹11,78,400 |
| Add: Bonus | +₹0 | +₹0 |
| Less: Standard Deduction | −₹75,000 | −₹50,000 |
| Taxable Income | ₹11,03,400 | ₹11,28,400 |
| Income Tax (before rebate) | ₹50,340 | ₹1,51,020 |
| Less: 87A Rebate | −₹50,340 | — |
| Add: Health & Education Cess (4%) | +₹0 | +₹6,041 |
| Total Tax | ₹0 | ₹1,57,061 |
| Less: Employee PF (Annual) | −₹21,600 | −₹21,600 |
| Net Annual In-Hand | ₹11,56,800 | ₹9,99,739 |
| Net Monthly In-Hand | ₹96,400 | ₹83,312 |
Want to understand why these numbers work this way? Read: Why Your In-Hand Salary Is Less Than Your CTC →
Now that you know your take-home, put it to work — see how your monthly savings could grow with the SIP Calculator or check what loan EMI you could afford with the EMI Calculator.
How to use this calculator
- 1Enter your annual CTC — This is the total package number from your offer letter, not your monthly salary × 12.
- 2Set your basic salary percentage — Most companies keep this at 40–50% of CTC. Check your offer letter or payslip if unsure.
- 3Add any bonus or variable pay separately — Only include it if it's guaranteed. Performance-linked bonuses are unpredictable and are best left out.
- 4Choose your PF contribution basis — If your company caps PF at ₹15,000 basic (the statutory default), leave as-is. Switch to ‘Full actual basic’ only if your employer matches your real basic salary.
- 5Compare New vs Old regime side by side — The calculator shows both automatically. Use the savings banner at the top to pick the better option for your situation.
Why is your in-hand salary less than your CTC?
CTC (Cost to Company) includes costs the company pays on your behalf that never hit your bank account — primarily the employer's PF contribution (12% of your PF wage base, deducted before your gross salary is even calculated). This is why the gap between CTC and gross salary feels larger than expected.
What's left after employer PF is subtracted is your gross salary. From gross, your own employee PF (another 12%) and income tax (TDS) are deducted monthly by your employer before paying you.
The standard deduction — ₹75,000 under the new regime, ₹50,000 under the old regime — reduces your taxable income directly, which is why the actual tax number is often lower than people expect when they try to calculate it manually.
For the full breakdown with a worked example, read: Why Your In-Hand Salary Is Less Than Your CTC (FY 2026-27 Explained) →