LifeCalc

CTC to In-Hand Salary Calculator

India Specific100% Free & Authoritative

Estimate your exact monthly take-home salary from your Annual CTC after EPF, Professional Tax, and Income Tax (New vs Old Tax Regime).

Enter Values

Your gross offer letter Cost to Company per annum.

₹

Choose your applicable financial year income tax regime.

Performance bonus or annual variable pay not paid monthly.

Voluntary deductions like company group health insurance, meal cards, etc.

₹

Applicable only if Old Tax Regime is selected.

₹
Estimated Monthly In-Hand SalaryLive Preview
₹80,523

With an Annual CTC of ₹12,00,000 under the New Tax Regime, your estimated monthly in-hand salary is approximately ₹80,523. Your total annual income tax is estimated at ₹68,130, with monthly EPF deduction of ₹1,800.

Annual Take-Home (Fixed)
₹9,66,270
Monthly TDS (Tax)
₹5,678
₹68,130/yr total tax
Monthly EPF Deduction
₹1,800
Goes into your retirement EPF corpus
Effective Tax Rate
5.7%

Where Does Your CTC Go?

Net In-Hand Salary82.0%
Income Tax (TDS)5.8%
EPF & Deductions2.0%
Variable Bonus10.2%
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Annual Salary Components & Deductions

Understanding Your Result

Cost to Company (CTC) is not take-home pay. It includes employer contributions, statutory deductions, and periodic variable bonuses. Your monthly credit is what remains after statutory Provident Fund (EPF), Professional Tax (PT), and monthly Tax Deducted at Source (TDS).

Assumptions Applied

  • Standard deduction (₹75,000 in New Regime, ₹50,000 in Old Regime) is applied.
  • Basic salary is estimated at 40% of CTC for statutory provident fund calculations.
  • Professional tax is estimated at standard ₹200/month (₹2,400/year).
  • Variable bonus is assumed to be paid annually or semi-annually and excluded from regular monthly credits.

Important Caveats

  • Actual salary slips may vary based on your employer’s specific salary structure (HRA, Special Allowance, LTA).
  • State-specific professional tax rules differ slightly (e.g., Maharashtra, Karnataka, West Bengal).
  • This is an estimate for educational planning and does not constitute formal tax filing advice.

Frequently Asked Questions

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