Salary Calculator
Turn your annual CTC into a clear monthly and yearly salary overview, including PF and take-home pay.
Formula last reviewed 4 August 2026 · How we verify our calculators
Annual in-hand
- Monthly in-hand
- ₹1,09,800
- Monthly gross
- ₹1,17,500
- Monthly basic
- ₹62,500
- Monthly HRA
- ₹31,250
Updates live as you type
Frequently asked questions
It gives a quick overview of your pay in both annual and monthly terms — your gross, basic, HRA and final in-hand salary — starting from a single CTC figure.
CTC is the employer’s total cost and includes its PF contribution. Your annual salary in-hand is what remains after PF and taxes, summed across twelve months.
Yes. Enter the offered CTC and the employer’s basic and HRA split to see the monthly cash and yearly take-home before you accept.
Variable pay and one-time bonuses are not spread evenly, so they are excluded here. Add only your fixed CTC for an accurate month-by-month picture.
Fifteen lakh, and ₹1,09,800 a month
A ₹15,00,000 CTC with basic at 50% produces a monthly in-hand of ₹1,09,800 before income tax — against the ₹1,25,000 that dividing CTC by twelve suggests. Annual in-hand is ₹13,17,600.
The components: monthly basic ₹62,500, HRA ₹31,250, gross monthly ₹1,17,500, and the gap to in-hand made up of your own PF contribution and professional tax.
Where the money goes
Monthly CTC = 15,00,000 ÷ 12 = ₹1,25,000.
Basic at 50% = ₹62,500. HRA at 50% of basic = ₹31,250.
Employer PF = 12% of basic = ₹7,500. This sits inside CTC but goes to your EPF account, so gross salary is 1,25,000 − 7,500 = ₹1,17,500.
Employee PF = 12% of basic = ₹7,500, deducted from gross.
In-hand = 1,17,500 − 7,500 − professional tax = ₹1,09,800.
Add a realistic TDS and the figure falls further. At this income under the new regime, expect roughly ₹8,000–₹10,000 a month of tax once the standard deduction and slabs are applied, taking real take-home to around ₹1,00,000.
The basic percentage, and why it is the lever
Everything downstream keys off basic. Raising it increases both PF contributions, your gratuity entitlement and your HRA exemption ceiling, while reducing spendable cash. Lowering it does the reverse.
On this ₹15 lakh package, moving basic from 40% to 60% shifts roughly ₹3,000 a month out of your account and into retirement savings. Neither direction is simply better — it depends on whether you rent in a metro, which tax regime you file under, and how much liquidity you need now.
What this does not model
Variable pay. Performance bonuses counted in CTC are paid annually and conditionally. A ₹15 lakh package containing ₹2.5 lakh of variable is a ₹12.5 lakh certain package with a ₹2.5 lakh maybe attached.
Gratuity provision. Where an employer loads roughly 4.81% of basic into CTC, that money vests only after five years of service.
Reimbursements. Fuel, telephone, meal card and LTA components are sometimes inside CTC and sometimes above it, and several are tax-advantaged if structured properly.
Employer insurance premiums, frequently in CTC and never on a payslip.
State professional tax, which ranges from nil in Delhi, Haryana and UP to the statutory cap of ₹2,500 a year elsewhere.
Reading the result
Use in-hand for budgeting, gross for loan eligibility — lenders assess on gross rather than CTC — and CTC only when comparing against another CTC.
Treat the PF deduction as deferred pay rather than a loss. At 8.25% tax-free with an employer match, it is usually the highest-quality asset a salaried person accumulates, and it is invisible precisely because it never reaches the account.
Common mistakes
Dividing CTC by twelve. It overstates monthly income by 15–20% before tax.
Budgeting on a package that includes variable pay. Budget on the fixed portion.
Ignoring the January–March TDS increase. Employers recover shortfalls once investment proofs are collected, so the final quarter often pays less.
Comparing offers on CTC alone. Structure can move real take-home by ₹8,000–₹10,000 a month at identical CTC.
Forgetting gratuity does not vest before five years. If you expect to move sooner, discount it from the package you were offered.