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Budget 2024 Revised
Section 115BAC / Income Tax Act 1961
FY 2025-26 & FY 2026-27 (Budget 2024 revised)

Take-Home Salary Calculator

Calculate your exact monthly in-hand take-home salary after statutory deductions, PF, ESI, Professional Tax, and Income Tax under New & Old Tax Regimes.

Salary & Employment Inputs
₹
Enter your gross annual CTC offer or current package.
Provident Fund (PF) Applicable12% Employee EPF deduction
Cap PF at ₹15,000 Wage CeilingLimits deduction to ₹1,800/month as per EPFO rules
ESIC Applicable (Gross ≤ ₹21,000)0.75% employee deduction if monthly gross is under ₹21,000
Professional Tax (PT) ApplicableState-specific monthly professional tax deduction
₹
Company transport, food coupons, or salary advances.
Estimated Monthly Take-Home (In-Hand)
Net In-Hand
₹61,425
Annual Take-Home: ₹7,37,096
Monthly Gross Pay
₹63,425
Monthly Total Deductions
-₹2,000
Monthly Salary Split
Take-Home Pay:₹61,425 (96.8%)
Income Tax (TDS):₹0 (0.0%)
Provident Fund (PF):₹1,800 (2.8%)
Prof. Tax (PT):₹200 (0.3%)
Salary Computation Funnel
Annual CTC₹8,00,000
Annual Gross Salary₹7,61,096
Employee PF Contribution (Annual)-₹21,600
Professional Tax (Annual)-₹2,400
Income Tax / TDS (Annual)-₹0
Net Annual Take-Home₹7,37,096
Detailed Component Breakdown
Earnings Components
ComponentMonthlyAnnual
Basic Salary₹30,000₹3,60,000
House Rent Allowance (HRA)₹15,000₹1,80,000
Special Allowance₹18,425₹2,21,096
Gross Salary₹63,425₹7,61,096
Employee Deductions
DeductionMonthlyAnnual
Provident Fund (EPF - Employee 12%)-₹1,800-₹21,600
Professional Tax (Maharashtra)-₹200-₹2,400
Income Tax / TDS (NEW Regime)-₹0-₹0
Total Deductions-₹2,000-₹24,000
Employer Contributions (Part of CTC)
Employer BenefitMonthlyAnnual
Employer PF Contribution (12%)₹1,800₹21,600
Gratuity Provision (4.81%)₹1,442₹17,308

Important Statutory & Legal Disclaimer

This calculator provides estimates based on user-entered values and Indian statutory guidelines (including the Income Tax Act 1961, Payment of Gratuity Act 1972, EPFO, ESIC, and State Professional Tax acts) as revised in recent Finance Acts. Actual payroll computations, tax liabilities, and Full & Final settlements may vary based on specific employer policies, compensation structures, investment proofs, and individual tax assessments. This tool does not constitute formal legal, tax, or payroll advisory.

Knowledge Base

Frequently Asked Questions

Common questions about statutory calculations, tax implications, and compliance rules.

Cost to Company (CTC) is the total annual expenditure an employer incurs on an employee. Take-Home (or In-Hand) salary is the net amount actually credited to your bank account each month after deducting employee statutory contributions (PF, ESI), Professional Tax, and Income Tax (TDS). CTC also includes employer contributions (Employer PF, Employer ESI, Gratuity, Group Insurance) which are not part of your take-home cash.

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