CTC to In-Hand Salary Calculator
Calculate your in-hand salary from CTC. Free online CTC to take-home salary calculator including PF, professional tax and income tax deductions.
How to Use
- Enter your total annual CTC (Cost to Company) as mentioned in your offer letter.
- Enter your annual bonus if it is part of your CTC package.
- Click Calculate to see your monthly gross salary, deductions, and in-hand salary.
Formula
Gross Salary = CTC โ Employer PF โ Employer ESIC (if applicable)
Employee PF = 12% of Basic Salary (capped at โน1,800/month)
Professional Tax = โน200/month (varies by state)
In-Hand = Gross Salary โ Employee PF โ Professional Tax โ Income Tax
Example Calculation
Example: โน12,00,000 CTC (โน1,00,000 bonus included)
| Component | Amount (Monthly) |
|---|---|
| Gross Monthly Salary | โน91,667 |
| PF Deduction | โน1,800 |
| Professional Tax | โน200 |
| Income Tax (estimated) | โน4,500 |
| Monthly In-Hand | โ โน85,167 |
Frequently Asked Questions
CTC = Basic + HRA + Special Allowance + PF (employer) + Gratuity + Bonus + Other benefits (insurance, food coupons, etc.). Not all components are in your monthly salary.
CTC includes employer contributions (PF, gratuity) that you don't receive monthly. Deductions (employee PF, income tax, professional tax) further reduce your take-home.
Yes, many companies include gratuity in CTC. However, gratuity is only paid after 5 years of service. It is 15/26 ร Basic ร Years of Service.
HRA (House Rent Allowance) is typically 40โ50% of Basic salary. Part of it is tax-exempt under Section 10(13A) if you pay rent. Our HRA calculator can calculate the exact exemption.
Under both old and new tax regimes, salaried employees get a standard deduction of โน75,000 (increased in Budget 2024).
Best Payroll Software for Your Company
Try Payroll Software Free โ