💼 Salary Calculator FY 2026-27
Salary Calculator India 2026 – CTC to In Hand Take Home Salary Calculator
🧮 CTC to In Hand Salary Calculator
Monthly Take Home Salary
₹–
Annual take home: —
Gross Salary (Annual)–
Basic Salary /month–
HRA /month–
Special Allowance /month–
Employee PF /month–
Income Tax (TDS) /month–
Professional Tax /month–
Total Deductions /month–
Enter CTC and click Calculate.
Salary Breakup
Take Home
PF
Income Tax
Prof Tax
📊 Detailed Salary Breakdown
| Component | Monthly | Annual | Note |
|---|
📋 Table of Contents
💼 What is CTC and In-Hand Salary?
CTC (Cost to Company) is the total annual expenditure a company incurs for an employee. It includes your basic salary, all allowances (HRA, special allowance, LTA), employer PF contribution, gratuity provision, health insurance premium, and any other perks.
In-Hand Salary (also called Take-Home Salary) is the actual amount credited to your bank account every month after all statutory deductions — employee PF, income tax (TDS), and professional tax.
Simple Formula:
CTC = Basic + HRA + Allowances + Employer PF + Gratuity + Other Benefits
Gross Salary = CTC − Employer PF − Gratuity
In-Hand Salary = Gross − Employee PF − Income Tax (TDS) − Professional Tax
CTC = Basic + HRA + Allowances + Employer PF + Gratuity + Other Benefits
Gross Salary = CTC − Employer PF − Gratuity
In-Hand Salary = Gross − Employee PF − Income Tax (TDS) − Professional Tax
The difference between CTC and in-hand salary is typically 15% to 30% depending on your salary level and tax regime. Higher CTC means more tax, which widens this gap further.
📈 In-Hand Salary Quick Reference – All CTC Packages 2026
Monthly in-hand salary at standard 40% basic, metro city, new tax regime FY 2026-27:
| CTC Package | Annual CTC | Monthly In-Hand | % of CTC |
|---|---|---|---|
| 3 LPA | ₹300,000 | ₹16,631 | 67% of CTC |
| 5 LPA | ₹500,000 | ₹28,251 | 68% of CTC |
| 6 LPA | ₹600,000 | ₹34,662 | 69% of CTC |
| 8 LPA | ₹800,000 | ₹47,482 | 71% of CTC |
| 10 LPA | ₹1,000,000 | ₹60,303 | 72% of CTC |
| 12 LPA | ₹1,200,000 | ₹73,123 | 73% of CTC |
| 15 LPA | ₹1,500,000 | ₹92,354 | 74% of CTC |
| 20 LPA | ₹2,000,000 | ₹116,061 | 70% of CTC |
| 25 LPA | ₹2,500,000 | ₹142,131 | 68% of CTC |
| 30 LPA | ₹3,000,000 | ₹166,601 | 67% of CTC |
| 50 LPA | ₹5,000,000 | ₹255,624 | 61% of CTC |
*Calculated at 40% basic, metro city, new tax regime, standard deduction Rs. 75,000. Actual varies with salary structure.
📝 Salary Components Explained
| Component | Typical % | Taxable? | Notes |
|---|---|---|---|
| Basic Salary | 40–50% of CTC | Fully taxable | Base for PF, HRA, Gratuity calculation |
| HRA | 40–50% of Basic | Partially exempt (old regime) | 50% basic (metro), 40% (non-metro) |
| Special Allowance | Balance | Fully taxable | Remaining after basic + HRA |
| LTA | Varies | Exempt on travel proof | Leave Travel Allowance, claimable twice in 4 years |
| Employer PF | 12% of Basic | Not in your hand | Part of CTC but goes to PF account |
| Gratuity | 4.81% of Basic | Exempt up to Rs. 20L on exit | Payable after 5 years service |
| Bonus | Varies | Fully taxable | Performance or annual bonus |
📈 PF Deduction on Salary – How It Works
Provident Fund (PF) has two components — both employee and employer contribute 12% of basic salary each month.
| PF Component | Rate | Who Pays | Max Amount |
|---|---|---|---|
| Employee EPF Contribution | 12% of Basic | Deducted from your salary | ₹1,800/month (if basic > ₹15,000) |
| Employer EPF Contribution (3.67%) | 3.67% of Basic | Paid by company, part of CTC | ₹551/month (capped) |
| Employer EPS Contribution (8.33%) | 8.33% of Basic | Paid by company, part of CTC | ₹1,250/month (capped) |
💡 PF Opt-Out Option: If your basic salary exceeds ₹15,000/month, you can opt out of PF (EPFO) contribution with employer consent. This increases your take-home salary by ₹1,800/month = ₹21,600/year. However, you lose the tax-free PF interest and employer contribution benefit. Consider carefully before opting out.
🏠 HRA Exemption Calculation – Old Tax Regime
HRA (House Rent Allowance) exemption is available only under the old tax regime for employees paying rent. The exempt amount is the minimum of these three:
- Actual HRA received from employer
- Rent paid − 10% of Basic Salary (annually)
- 50% of Basic Salary (Metro cities) or 40% of Basic (Non-metro)
HRA Exemption Example:
Basic: ₹40,000/month | HRA received: ₹20,000/month | Rent paid: ₹18,000/month | City: Mumbai (metro)
1. Actual HRA = ₹20,000
2. Rent − 10% Basic = ₹18,000 − ₹4,000 = ₹14,000
3. 50% of Basic = ₹20,000
HRA Exempt = Min(20,000, 14,000, 20,000) = ₹14,000/month
Basic: ₹40,000/month | HRA received: ₹20,000/month | Rent paid: ₹18,000/month | City: Mumbai (metro)
1. Actual HRA = ₹20,000
2. Rent − 10% Basic = ₹18,000 − ₹4,000 = ₹14,000
3. 50% of Basic = ₹20,000
HRA Exempt = Min(20,000, 14,000, 20,000) = ₹14,000/month
📈 New Tax Regime vs Old Tax Regime – Which Saves More Tax?
| Feature | New Regime (Default) | Old Regime |
|---|---|---|
| Standard Deduction | ₹75,000 | ₹50,000 |
| 80C (PF, ELSS, LIC etc.) | Not available | Up to ₹1,50,000 |
| HRA Exemption | Not available | Available if paying rent |
| 80D (Health Insurance) | Not available | Up to ₹25,000 |
| Home Loan Interest (80EEA) | Not available | Up to ₹2,00,000 |
| Tax Slab (0%) | Up to ₹4 lakh | Up to ₹2.5 lakh |
| Rebate u/s 87A | Full rebate up to ₹12L income | Full rebate up to ₹5L income |
| Best For | Income below 15L with fewer deductions | Home loan + HRA + high 80C investments |
💡 FY 2026-27 Update: New tax regime is the default regime. You must actively opt for old regime by submitting Form 10-IEA to your employer before April 1 of the financial year. If you forget, new regime applies automatically.
💡 Tips to Increase Your Take-Home Salary
- Ask HR for NPS under 80CCD(2): Employer NPS contribution up to 10% of basic is deductible in BOTH new and old regime. This reduces taxable income without affecting your take-home and is one of the best salary restructuring options available.
- Optimize salary structure: Ask HR to restructure CTC — include food coupons (Sodexo/Pluxee), telephone reimbursement, books and periodicals allowance, leave travel allowance. These reduce taxable income.
- Choose right tax regime: Use our calculator to compare new vs old regime. Old regime is better if you have home loan + HRA + max 80C investments totaling above ₹3.75 lakh in deductions.
- Submit rent receipts for HRA: If you pay rent and are on old regime, submit rent receipts to employer before January to get HRA exemption in TDS calculations. Without submission, employer deducts full tax without HRA benefit.
- PF contribution option: If eligible (basic > ₹15,000), discuss PF opt-out with HR. Saves ₹1,800/month in-hand. But you lose PF tax benefits and employer contribution to EPF.
- Invest in ELSS for old regime: Equity Linked Savings Scheme (ELSS) mutual funds give 80C deduction of up to ₹1.5 lakh plus potential 12%+ returns. Better than PPF or NSC for long-term wealth creation.
Related Calculators
❓ Frequently Asked Questions
What is the in-hand salary for 10 LPA CTC? +
For 10 LPA CTC, in-hand salary is approximately Rs. 68,000-72,000 per month under new tax regime. This assumes 40% basic salary, metro city, standard deductions, employee PF of Rs. 1,800/month and professional tax of Rs. 200/month. Use our calculator above for exact figures based on your salary structure.
What is the difference between CTC and in-hand salary? +
CTC (Cost to Company) includes your gross salary plus employer PF contribution (12% of basic), gratuity provision (4.81% of basic), health insurance, and other perks. In-hand salary is CTC minus employer PF, gratuity, employee PF (12% of basic), income tax (TDS), and professional tax. Typically in-hand is 70-85% of CTC depending on salary level and tax regime.
Which is better — new tax regime or old tax regime? +
New tax regime is better if you have fewer deductions. Old tax regime is better if you have high deductions — home loan interest, HRA exemption (if paying rent), 80C investments (Rs. 1.5 lakh), 80D health insurance. For most salaried individuals earning below 15 LPA without home loan, new tax regime saves more tax in FY 2026-27.
How is HRA exemption calculated? +
HRA exemption under old tax regime is minimum of: (1) Actual HRA received, (2) Rent paid minus 10% of basic salary, (3) 50% of basic (metro cities) or 40% of basic (non-metro). Example: Basic Rs. 40,000/month, HRA Rs. 20,000/month, Rent paid Rs. 15,000/month in Mumbai. HRA exempt = min(Rs.20,000, Rs.11,000, Rs.20,000) = Rs. 11,000/month.
What is the PF deduction on salary? +
Employee PF contribution is 12% of basic salary, subject to wage ceiling of Rs. 15,000. Maximum employee PF deduction = 12% of Rs. 15,000 = Rs. 1,800/month = Rs. 21,600/year. Employer also contributes 12% of basic (3.67% to EPF, 8.33% to EPS). Both contributions are capped at Rs. 1,800/month each if basic exceeds Rs. 15,000.
What is professional tax and how much is it? +
Professional Tax is a state-level tax on salaried employees. It varies by state. Maximum professional tax in India is Rs. 2,500 per year (Rs. 200/month). Maharashtra, Karnataka, West Bengal, Andhra Pradesh charge professional tax. States like Delhi, Rajasthan, Haryana, UP do not levy professional tax. It is deducted from salary by the employer.