My Money

In-hand salary calculator

Your offer letter shows CTC — the total your employer spends on you. Your bank account sees something smaller. This calculator shows every rupee in between.

What do you know?
₹
₹12 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
₹91,395
₹10,96,740 a year in your bank
Income tax / yr
₹0
Effective tax rate
0%
Your PF / yr
₹36,000
Monthly gross
₹94,595

Where your CTC goes

In your bank₹10,96,740 · 91.4%Provident fund (yours + employer) · ₹72KGratuity & NPS · ₹28.9KProfessional tax · ₹2.4KYour CTC₹12 L/yr
Your taxable income is ₹10,60,140 — under ₹12 lakh, so the rebate wipes out your income tax completely.

Your monthly payslip

Earnings
Basic₹50,000
Allowances (HRA, special…)₹44,595
Gross₹94,595
Deductions
Provident fund−₹3,000
Professional tax−₹200
Income tax (TDS)−₹0
Total₹3,200
Net pay₹91,395
How it’s calculated

The maths, in plain words

Split the CTC

Basic pay is set as a share of CTC (50% is now the norm because the labour codes count at least half of pay as “wages”). The rest is allowances and variable pay.

Take out employer costs

Employer PF (12% of basic, often capped at ₹3,000/month), gratuity (4.81% of basic) and employer NPS are part of CTC but never reach your bank.

Deduct your share

Your own 12% PF and professional tax come out of every payslip.

Work out income tax

Taxable income is gross salary minus the standard deduction (₹75,000 new / ₹50,000 old), professional tax and — in the old regime — your deductions. Tax on fixed pay is spread over 12 months; tax on bonus is taken when it is paid.

Questions

People also ask

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How much is in-hand salary for ₹12 LPA?
About ₹91,000 a month in the new regime if PF is capped at ₹3,000 a month, or about ₹85,000 if PF is on your full basic. Taxable income stays under ₹12 lakh after the standard deduction, so you pay no income tax.
Is income up to ₹12.75 lakh tax-free?
For salaried people in the new regime, yes. The ₹75,000 standard deduction brings ₹12.75 lakh of salary down to ₹12 lakh taxable, and the rebate cancels tax on that. Above it, marginal relief stops a sudden jump.
Why is my in-hand lower than CTC ÷ 12?
CTC includes things you never receive monthly: employer PF, gratuity, insurance, and variable pay that arrives once a year. Your own PF, professional tax and TDS also come out of each payslip.
Should I choose capped or full PF?
Many employers compute PF only on the first ₹25,000 of monthly basic (₹3,000/month each side) — the wage ceiling since 17 September 2026, up from ₹15,000. Others use full basic. Full PF gives you a bigger retirement fund but a lower in-hand salary. Check your offer letter or payslip.
Understand it

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