CTC to In-Hand Salary Calculator
Estimate your monthly take-home salary after taxes and deductions.
New Regime has lower tax rates but fewer deductions. Old Regime allows 80C, HRA etc.
What is a CTC Calculator?
A CTC (Cost to Company) to In-Hand Salary Calculator helps you understand the actual monthly salary you will receive in your bank account. CTC includes various components like Basic Pay, HRA, Special Allowance, PF (Employer's contribution), and Gratuity. However, your in-hand salary is lower because of deductions like Provident Fund (PF), Professional Tax (PT), and Income Tax (TDS).
How It Works
The calculator subtracts all mandatory deductions (PF, PT, TDS) and non-cash components (like Gratuity, Insurance) from your CTC to arrive at the Net In-Hand Salary.
Example Calculation
Riya has a CTC of ₹12 Lakhs per annum. She lives in Bangalore.
- 1.Monthly Gross Salary ≈ ₹1,00,000
- 2.Less: PF (12% of Basic) ≈ ₹1,800
- 3.Less: Professional Tax ≈ ₹200
- 4.Less: Income Tax (TDS) ≈ ₹5,000 (approx based on regime)
- 5.Net In-Hand Monthly Salary ≈ ₹93,000
Why This Tool is Useful
- ✓Helps job seekers negotiate better salaries by understanding the real take-home amount.
- ✓Clarifies the difference between Gross Salary and Net Salary.
- ✓Calculates accurate TDS based on the latest tax slabs.
- ✓Accounts for location-based Professional Tax.
- ✓Helps in monthly budget planning.
Tips & Comparison
- •Variable Pay: Performance bonuses are often part of CTC but paid annually or quarterly, not monthly.
- •PF Contribution: Employer's contribution to PF is part of CTC but not part of your gross salary.
- •Tax Regime: Choosing the right tax regime (Old vs New) can significantly increase your in-hand salary.
- •Allowances: Structuring salary with tax-efficient allowances (like HRA, LTA, Food Coupons) can reduce tax liability.