What is CTC vs gross vs in-hand salary?

CTC (Cost to Company) includes employer PF and other contributions. Gross salary is what the employer pays you before deductions. In-hand (take-home) is what is credited after PF, professional tax, and TDS.

Which tax regime is better?

New Regime has lower rates but fewer deductions. Old Regime suits those with high HRA, 80C, and other deductions. Use this calculator with your actual inputs to compare — those earning under ₹7.75L taxable often benefit from New Regime due to the full rebate.

What is the standard deduction in FY 2024-25?

The standard deduction is ₹75,000 under New Regime and ₹50,000 under Old Regime for FY 2024-25 (per Budget 2024).

Is professional tax included in this calculator?

Yes. A flat ₹2,400 per year is applied as professional tax, which is a common rate in most states. Actual rates vary by state (e.g., Maharashtra caps it at ₹2,500/year).

Salary Calculator

About Salary Calculator

Find your monthly in-hand salary from CTC with our Salary Calculator. Choose New or Old tax regime, enter rent paid for HRA exemption, and add Section 80C deductions to see gross salary, PF, professional tax, income tax, and net take-home for FY 2024-25 — with a complete monthly and annual breakdown.

Take-Home Salary Formula

Use these standard formulas for accurate estimates:

Gross salary

Gross = CTC − Employer PF (12% of Basic)

New Regime taxable

Taxable = Gross − ₹75,000 (Standard Deduction)
Rebate u/s 87A: no tax if taxable ≤ ₹7L

Old Regime taxable

Taxable = Gross − HRA Exempt − ₹50,000 Std Dedn − 80C (up to ₹1.5L)

Net take-home

Take-Home = Gross − Employee PF − Professional Tax − Income Tax

Example Calculation

Example: ₹12,00,000 CTC, 40% basic, New Regime

Component	Value
Annual CTC	₹12,00,000
Gross salary	₹11,42,400
Income tax (New Regime)	~₹62,500
Monthly take-home	~₹85,000

Benefits of Using This Calculator

Instant results with standard financial formulas

Clear charts and tables for better decisions

Mobile-friendly — works on any device

100% free — no signup or data stored on servers

Built for Indian investors and taxpayers

Compare scenarios side-by-side where applicable

Frequently Asked Questions

CTC (Cost to Company) includes employer PF and other contributions. Gross salary is what the employer pays you before deductions. In-hand (take-home) is what is credited after PF, professional tax, and TDS.
New Regime has lower rates but fewer deductions. Old Regime suits those with high HRA, 80C, and other deductions. Use this calculator with your actual inputs to compare — those earning under ₹7.75L taxable often benefit from New Regime due to the full rebate.
The standard deduction is ₹75,000 under New Regime and ₹50,000 under Old Regime for FY 2024-25 (per Budget 2024).
Yes. A flat ₹2,400 per year is applied as professional tax, which is a common rate in most states. Actual rates vary by state (e.g., Maharashtra caps it at ₹2,500/year).

Conclusion

Your actual in-hand salary depends on your employer's specific salary structure, perquisites, and additional deductions not shown here. Use this calculator for planning; verify with your HR or payslip for exact figures. Comparing New vs Old regime with your real deductions often reveals significant tax savings.

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