In-hand salary for ₹24 LPA (FY 2026-27)
What is the in-hand salary for ₹24 LPA?
₹1,66,646 / month
That’s ₹19,99,747 a year in the new regime, with basic at 50% of CTC and PF capped at ₹3,000 a month. If PF is on your full basic, it’s about ₹1,50,986 a month.
Open in the calculatorMonthly breakdown
| PF capped | PF on full basic | |
|---|---|---|
| Basic pay | ₹1,00,000 | ₹1,00,000 |
| Allowances (HRA, special…) | ₹92,190 | ₹83,190 |
| Gross salary | ₹1,92,190 | ₹1,83,190 |
| Your PF | −₹3,000 | −₹12,000 |
| Professional tax | −₹200 | −₹200 |
| Income tax | −₹22,344 | −₹20,004 |
| In-hand per month | ₹1,66,646 | ₹1,50,986 |
Employer PF (₹36,000/yr capped) and gratuity (₹57,720/yr) are part of your CTC but don’t reach your bank each month. Professional tax assumed at ₹2,400 a year.
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What do you know?
₹
₹24 lakh
₹
Leave at 0 if your CTC is all fixed pay
Tax regime
Salary structure
%
50% is now standard under the labour codes
Provident fund
%
Share of basic. Tax-free up to 14% in the new regime, 10% in the old.
Monthly in-hand salary
₹1,66,646
₹19,99,747 a year in your bank
Income tax / yr
₹2,68,133
Effective tax rate
12%
Your PF / yr
₹36,000
Monthly gross
₹1,92,190
Where your CTC goes
The new regime gives you ₹19,071 more each month than the old one. The old regime would only win if your deductions crossed ₹7,69,500.
Your monthly payslip
Earnings
Basic₹1,00,000
Allowances (HRA, special…)₹92,190
Gross₹1,92,190
Deductions
Provident fund−₹3,000
Professional tax−₹200
Income tax (TDS)−₹22,344
Total₹25,544
Net pay₹1,66,646
Questions people ask
What is ₹24 LPA per month?
₹24 LPA means a CTC of ₹24,00,000 a year, or ₹2,00,000 a month on paper. After PF, gratuity, professional tax and income tax, the amount in your bank is about ₹1,66,646 a month in the new regime.
How much income tax do I pay on ₹24 LPA?
About ₹2,68,133 a year (₹22,344 a month) in the new regime, an effective rate of 12% on taxable income of ₹22,31,280.
Is the old regime better for ₹24 LPA?
Only if your old-regime deductions (80C, 80D, HRA, home-loan interest, NPS) add up to more than about ₹7,69,500. Without deductions, the old regime would cost you ₹2,28,846 more a year.
Why does PF make such a difference?
If PF is calculated on your full basic instead of being capped at ₹3,000 a month, ₹15,660 less reaches your bank each month. That money isn’t lost: it goes into your EPF account, where it earns interest for retirement.