CTC to In-Hand Salary Calculator
Decode your offer letter. Instantly calculate your monthly take-home pay, Provident Fund deductions, and Income Tax (TDS) under the latest New Tax Regime (FY 2024-25).
Take Home
Accurate monthly payout
Tax Calculation
Latest FY 2024-25 Slabs
PF & PT
Auto-calculate deductions
Salary Slip
Generate detailed table
What is a Salary Tax Calculator?
A specialized tool to convert your Annual CTC into monthly In-Hand Salary by accurately deducting Taxes, PF, and other components.
Your Personal Payroll Assistant
Understanding your salary structure can be confusing. Terms like CTC, Gross Salary, and Net Salary often mean very different amounts. This calculator simplifies payroll math by applying the latest income tax rules (New Regime FY 2024-25) and standard deduction logic to give you a clear picture of what actually hits your bank account.
CTC vs. In-Hand
Instantly see the difference between your "Cost to Company" and your actual "Take Home" pay after all mandated deductions.
Automated Tax Calculation
No need to manually check tax slabs. The tool automatically applies the new regime rates and standard deduction.
Detailed Breakdown
Get a granular view of every component: Basic, HRA, Special Allowance, PF, and Professional Tax.
Flexi-Input
Calculate starting from either your total Annual CTC or your Gross Salary figure.
Custom Structure
Adjust the percentage of Basic Pay and HRA to match your specific offer letter structure.
Salary Slip
Generates a professional-looking monthly salary slip table that you can print or save for records.
Why Choose Our Calculator?
Latest Tax Regime
We keep updated. The tool uses the FY 2024-25 New Regime slabs, which is now the default option for most employees.
Smart Balancing
Our calculator automatically adds a "Special Allowance" balancing figure to ensure your components sum up exactly to your input CTC.
Privacy First
Your salary data is sensitive. All calculations happen directly in your browser and are never stored on our servers.
Salary Tax Calculator
Calculate In-Hand Salary based on CTC/Gross Pay (New Regime FY 24-25).
CTC includes Employer PF. Gross excludes it.
How to Use the Salary Calculator
Get your detailed salary breakdown in 3 steps.
Enter Salary Details
Select whether you are inputting CTC or Gross Salary. Enter the Annual amount (e.g., 10,00,000). Define your Basic Pay percentage (usually 40-50% of CTC).
Customize Components
Adjust HRA percentage (40% or 50%). Check the PF contribution (usually 12%). The calculator automatically figures out the balancing "Special Allowance".
View & Print Slip
Click Calculate to see your monthly In-Hand salary, Tax deductions, and a full Salary Slip table which you can print or save.
Understanding CTC vs In-Hand
Decoding the journey from your Offer Letter amount to your Bank Account credit.
What is CTC?
Cost to Company (CTC) is the total annual expense a company incurs on an employee. It includes your salary, benefits, bonuses, and even the employer's contribution to PF and insurance.
The CTC Formula:
CTC = Gross Salary + Employer PF + Bonuses + Other Benefits
Note: CTC is usually higher than your Gross Salary because it includes non-cash components and employer contributions.
What is Take Home?
Also known as Net Salary or In-Hand Salary, this is the actual amount credited to your bank account every month after all mandatory deductions.
The In-Hand Formula:
Net Salary = Gross Salary - (Income Tax + Employee PF + Prof. Tax)
This is your disposable income for spending and investing.
Key Salary Components Breakdown
| Component | Description | Impact |
|---|---|---|
| Basic Salary | Core component, usually 40-50% of CTC. | Fully Taxable |
| HRA (House Rent Allowance) | Allowance for rental accommodation (40-50% of Basic). | Exempt if paying rent (Old Regime) |
| Special Allowance | Balancing figure for other perks. | Fully Taxable |
| Employee PF | 12% of Basic Pay contribution to retirement fund. | Deduction u/s 80C |
| Professional Tax | State government levy (approx ₹200/month). | Deductible from Gross |
How to Maximize Your Take Home?
While taxes are mandatory, smart structuring can help you save more.
- Optimize Structure: Negotiate a salary structure with a balanced Basic Pay to manage PF deductions.
- Claim HRA: If you live in a rented house, submitting rent receipts can significantly lower taxable income (Old Regime).
- Choose Wisely: Compare Old vs New Tax Regime based on your investments to see which yields higher in-hand pay.
Pro Tip
Higher Basic Salary = Higher PF Contribution = Lower Take Home today, but Higher Retirement Corpus tomorrow.
When to use this Tool?
From salary negotiation to tax planning, see how this calculator helps in your career journey.
Evaluating Job Offers
Recruiters often quote a high CTC (Cost to Company) which includes bonuses and employer contributions. Use this tool to convert that CTC into the actual monthly In-Hand salary you will receive to verify if the hike is substantial.
Tax Regime Selection
Confused between the Old and New Tax Regime? Input your salary to see the tax liability under the New Regime (default) and understand your cash flow. Knowing your tax outgo helps you plan investments in advance.
Loan Eligibility Planning
Banks decide your Home Loan or Car Loan eligibility based on your Net Monthly Income (In-Hand Salary), not your CTC. Use the accurate monthly figure from this tool to check how much EMI you can afford.
Practical Calculation Example
Impact of Tax Regime on ₹12 Lakhs CTC
Annual CTC: ₹ 12,00,000
- Basic Salary (50%) ₹ 6,00,000
- HRA (40%) ₹ 2,40,000
- Special Allowance ₹ 2,16,000
- Employer PF ₹ 1,44,000
Monthly In-Hand (Approx)
After PF, PT & New Regime Tax
Note: Without this calculation, you might expect ₹1 Lakh/month (12L / 12), but the reality is ~20% lower due to deductions.
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Frequently Asked Questions
Common queries about Salary and Tax.
What is the difference between CTC and In-Hand?
CTC (Cost to Company) is the total package. In-Hand is what you receive in your bank account after deductions like PF, Professional Tax, and Income Tax (TDS).
Which Tax Regime does this calculator use?
This calculator estimates tax based on the New Tax Regime (FY 2024-25), which offers lower tax rates but fewer exemptions (like HRA/80C). Standard Deduction of ₹75,000 is automatically applied.
Why is HRA not exempt in calculation?
Under the New Tax Regime, HRA exemption is not available. If you wish to claim HRA exemption, you must file under the Old Regime.
Have Payroll Questions?
Tax laws are complex. If you have specific queries about structuring your salary or filing returns, we can help.
Contact Us