In-Hand Salary (CTC)
Convert your annual CTC into actual monthly take-home salary after EPF, gratuity, and income tax deductions.
- Runs entirely in your browser
- No sign-up, nothing stored
- Formula explained below
Your offer
Enter the CTC from your offer letter.
Set to 0 if your state does not levy professional tax.
₹8,83,249 a year in your bank account from a CTC of ₹12,00,000, plus ₹1,00,000 variable pay paid separately.
From CTC to in-hand pay
Each deduction between your annual CTC and what reaches your bank account.
Where your CTC goes
Your annual CTC split into cash, tax, retirement savings and variable pay.
- In-hand pay73.6%₹8,83,249
- Income tax (TDS)4.7%₹55,896
- PF + gratuity13.2%₹1,58,455
- Variable pay8.3%₹1,00,000
- Professional tax0.2%₹2,400
In your CTC, not in your payslip
Paid by your employer on your behalf, or paid out separately.
- Employer PF₹5,500 a month into your EPF account
- ₹66,000
- Gratuity provision4.81% of basic · ₹2,205 a month
- ₹26,455
- Variable / bonusUsually paid once or twice a year
- ₹1,00,000
- Total outside the payslip
- ₹1,92,455
Detailed monthly & annual pay slip
What a typical payslip shows for this CTC.
| Salary component | Monthly | Annual |
|---|---|---|
| Basic salary | ₹45,833 | ₹5,50,000 |
| Allowances (HRA, special etc.) | ₹38,129 | ₹4,57,545 |
| Gross monthly pay | ₹83,962 | ₹10,07,545 |
| Employee PF deduction | −₹5,500 | −₹66,000 |
| Professional tax | −₹200 | −₹2,400 |
| Estimated TDS (tax) | −₹4,658 | −₹55,900 |
| Net take-home salary | ₹73,604 | ₹8,83,249 |
Why is in-hand salary lower than CTC?
Cost to Company (CTC) includes several indirect benefits and statutory deductions that are not paid to you in monthly cash.
- G
- Gross monthly pay = (CTC − variable − employer PF − gratuity) ÷ 12
- E
- Employee PF: 12% of basic (or ₹1,800 if capped)
- P
- Professional tax
- T
- Monthly TDS: estimated new-regime income tax ÷ 12
- Employer & employee PF (24% total): 12% is deducted from your cash and another 12% is deposited into your EPFO retirement account.
- Gratuity reserve (4.81%): Held back by the company and only paid out after 5 continuous years of service. See what you would receive with the gratuity calculator.
- Income tax (TDS): Deducted monthly at source based on your chosen tax regime. Compare both regimes with the income tax calculator.
Keep planning
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