Free HR tools

Take-home salary calculator

Estimate monthly in-hand pay from annual CTC under the new tax regime.

Annual CTC

₹

Basic as % of CTC

A simplified estimate using the new tax regime and a standard salary structure. Your actual structure and declarations will differ.

Estimated monthly in-hand

₹91,395

₹10,96,740 per year

Gross (CTC − employer PF − gratuity)₹11,35,140

− Employee PF₹36,000

− Professional tax₹2,400

− TDS (new regime)₹0

In-hand per year₹10,96,740

Indicative only, not tax advice. TDS assumes the new regime with the ₹75,000 standard deduction and the rebate (with marginal relief).

How it works

CTC is not what an employee receives. Employer PF and a gratuity provision often sit inside CTC, and employee PF, professional tax and TDS come out of gross pay.

This calculator assumes a standard structure with basic at 40% or 50% of CTC and the new tax regime. Real structures, declarations and state PT slabs change the result.

Formula

Basic = 40% or 50% of CTC
Employer PF = 12% × min(monthly basic, ₹25,000) × 12
Gratuity provision = 4.81% × basic
Gross = CTC − employer PF − gratuity provision
Taxable = gross − ₹75,000 standard deduction; tax nil up to ₹12 lakh taxable after rebate
In-hand = gross − employee PF − PT (₹2,400 assumed) − TDS

Worked example

Annual CTC of ₹12,00,000 with basic at 50%

Basic: ₹6,00,000; employer PF: ₹36,000; gratuity: ₹28,860
Gross: ₹11,35,140
Taxable after standard deduction: ₹10,60,140, so TDS is nil after the rebate
In-hand: about ₹91,395 a month after employee PF and PT

Common mistakes to avoid

Dividing CTC by 12 and calling it take-home.
Forgetting that professional tax varies by state and some states levy none.
Ignoring marginal relief for income just above the rebate limit.
Comparing offers on CTC when one includes variable pay and the other does not.