Salary / CTC Calculator — India
Convert your CTC to in-hand salary. Calculates EPF, HRA, Professional Tax and income tax estimate for FY 2024-25.
How Indian Salary Structure Works — CTC vs In-Hand
Many employees in India are surprised when their first salary credit is much lower than their offered CTC (Cost to Company). This is because CTC includes the employer's EPF contribution, HRA, allowances and other components — not all of which you receive as cash. Our Salary/CTC calculator breaks down your CTC into take-home salary, showing EPF deductions, HRA exemption, Professional Tax and an estimated income tax under the new tax regime (FY 2024-25). This helps you negotiate offers and plan your monthly budget accurately.
Frequently Asked Questions
What is the difference between CTC and in-hand salary? ▼
CTC (Cost to Company) = all components the employer pays including: Basic + HRA + allowances + employer EPF (12% of basic) + gratuity + perks. In-hand salary = CTC minus employee EPF deduction, income tax and professional tax. Typically in-hand is 65–80% of CTC.
How much in-hand salary for ₹12 lakh CTC? ▼
For a ₹12 lakh CTC (₹1 lakh/month), typical in-hand is ₹75,000–₹82,000/month after EPF, Professional Tax and income tax deductions (assuming standard allowances, no Section 80C investments). Use our calculator for a precise breakdown.
What percentage of CTC is basic salary in India? ▼
Typically 40%–50% of CTC is basic salary. Higher basic means higher EPF contribution (good for long-term savings) but also slightly higher income tax (since basic is fully taxable). Lower basic means more in-hand but less retirement savings.
What is HRA exemption and how is it calculated? ▼
HRA (House Rent Allowance) exemption = minimum of: (a) Actual HRA received, (b) 50% of basic salary (metro) / 40% (non-metro), (c) Actual rent paid minus 10% of basic. Submit rent receipts to HR to claim this exemption and reduce taxable income.
What is the new tax regime vs old tax regime in India? ▼
New regime (default from FY 2023-24): lower tax rates but no deductions (no 80C, no HRA exemption, no standard deduction for investments). Old regime: standard deduction of ₹50,000 + Section 80C (₹1.5L) + HRA + other deductions. Those with heavy investments benefit from old regime; others from new.
How much income tax do I pay on ₹15 lakh salary? ▼
Under the new tax regime FY 2024-25: 0% up to ₹3L, 5% on ₹3L–6L (₹15K), 10% on ₹6L–9L (₹30K), 15% on ₹9L–12L (₹45K), 20% on ₹12L–15L (₹60K). Tax before cess = ₹1,50,000. Add 4% cess = ₹1,56,000 total. Use our calculator for your exact salary.