Take home salary calculator

₹ 24,00,000 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 ₹ 1,54,545

From a CTC of ₹ 24,00,000, that is 77.3% of your CTC reaching your account.

Where every rupee goes

Cost to company ₹ 24,00,000
Employer's PFin CTC, not in salary − ₹ 1,44,000
Gross salary ₹ 22,56,000
Your PFyours, but locked − ₹ 1,44,000
Professional tax − ₹ 2,400
Income tax (new regime) − ₹ 2,55,060
Annual take-home ₹ 18,54,540
Monthly gross ₹ 1,88,000
Monthly in-hand ₹ 1,54,545
Annual tax ₹ 2,55,060
Effective tax rate 11.7%

Tax regime

New regime (better) ₹ 2,55,060
Old regime ₹ 4,47,595

The new regime leaves you ₹ 1,92,535 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.

The number you budget with. Rent, EMI and savings all come out of take-home, not out of CTC, so this is the figure worth knowing before you accept.

Two levers that change take-home at the same CTC

  1. The basic pay percentage. PF is 12% of basic, so a lower basic means a smaller deduction and more cash now, and a smaller corpus later. Try it under Assumptions.
  2. The tax regime. The new regime wins for most people without large exemptions. If you pay significant rent or a home loan, enter those under Assumptions and the comparison may flip.

Frequently asked questions

How is take-home salary calculated in India?

Take-home = gross salary − employee PF − professional tax − income tax. Gross salary is CTC less the employer's PF contribution and any gratuity accrual included in the package.

What is take-home pay on a ₹24 LPA salary?

Roughly ₹ 1,54,545 a month under the new regime, on a gross of ₹ 22,56,000 and annual tax of ₹ 2,55,060.

Can I increase my take-home without a raise?

Sometimes. A lower basic pay percentage reduces your PF deduction, which raises take-home immediately at the cost of a smaller retirement corpus. Choosing the right tax regime can also matter by a lakh or more a year at higher salaries.

Does take-home change month to month?

Often, yes. Employers usually spread annual tax evenly, but it is recomputed when you declare investments, when variable pay is credited, and in the last quarter if your declarations fall short of your proofs. This calculator shows the even monthly average.

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

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