Salary calculator

₹ 12,00,000 per year

Assumptions

Left at zero, the old regime is compared using only the standard deduction, professional tax and your PF.

Monthly in-hand salary ₹ 87,800

From a CTC of ₹ 12,00,000, that is 87.8% of your CTC reaching your account.

Where every rupee goes

Cost to company ₹ 12,00,000
Employer's PFin CTC, not in salary − ₹ 72,000
Gross salary ₹ 11,28,000
Your PFyours, but locked − ₹ 72,000
Professional tax − ₹ 2,400
Income tax (new regime) − ₹ 0
Annual take-home ₹ 10,53,600
Monthly gross ₹ 94,000
Monthly in-hand ₹ 87,800
Annual tax ₹ 0
Effective tax rate 0%

Tax regime

New regime (better) ₹ 0
Old regime ₹ 1,18,123

The new regime leaves you ₹ 1,18,123 better off this year. Old-regime figures assume only the standard deduction, professional tax and your PF. Add your real 80C, 80D and HRA claims under Assumptions.

Expecting a raise? See what a hike on this salary is really worth: the headline percentage and the in-hand percentage are not the same number.

Built for Indian payroll specifically: EPF, professional tax, and both tax regimes, rather than a generic gross-to-net tool with a rupee sign on it.

What it accounts for

  • Employer EPF. Inside CTC, never in your salary.
  • Employee EPF. 12% of basic, with the ₹1,800/month statutory cap as an option.
  • Professional tax. The ₹200/month state levy.
  • Income tax. Slabs, 87A rebate, marginal relief, surcharge and 4% cess, under both regimes.

A worked example

On a CTC of ₹ 12,00,000 with basic at 50%: your employer puts ₹ 72,000 into PF, leaving a gross salary of ₹ 11,28,000. After your own PF, professional tax and income tax under the new regime, you take home ₹ 87,800 a month.

Frequently asked questions

What does this salary calculator do?

It converts an annual CTC into a monthly take-home figure using Indian payroll rules: employer and employee EPF, professional tax, and income tax under both the new and old regimes including rebate, marginal relief, surcharge and cess.

Which financial year does it use?

FY 2026-27 (Assessment Year 2027-28), using the slabs, ₹75,000 standard deduction and ₹60,000 Section 87A rebate published by the Income Tax Department.

Can I use it for a job offer I am evaluating?

Yes, and that is the main use. Put the offered CTC in, then adjust the basic pay percentage under Assumptions to match the offer letter. The split changes your PF and your tax, so two offers with the same CTC can differ in take-home.

Is this an income tax calculator?

It includes a full income tax computation, but it is framed around salary rather than filing. It does not handle capital gains, house property income, or business income.

Does it work for government employees?

Partly. Government pay is built from a pay matrix, DA and HRA rather than a CTC figure, so use the 7th CPC salary calculator instead and feed the annual gross back into this one for the tax position.

Next step

Got the number. Now what do you say?

How to counter an offer: what to ask for, in what order, and what the ask is worth after tax.

How to negotiate this offer

Other calculators