Estimate your monthly in-hand salary from your annual CTC.
Tip: Compare your take-home salary with our Income Tax Calculator to estimate yearly tax deductions.
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Yearly Take Home: ₹
PF Deduction: ₹
Professional Tax: ₹
The Salary / CTC Calculator helps employees estimate their monthly in-hand salary from the total Cost to Company (CTC) offered by an employer. In India, the salary structure includes multiple components such as basic salary, provident fund contribution, allowances, and professional tax. Because of these deductions, the actual amount credited to your bank account is usually lower than the total CTC mentioned in your offer letter.
This free online calculator allows you to quickly estimate your monthly take-home salary after deducting common components such as Employee Provident Fund (PF) and Professional Tax. It is particularly useful when evaluating job offers, comparing salary packages, or planning your finances more effectively.
CTC or Cost to Company represents the total amount an employer spends on an employee annually. It includes salary, allowances, bonuses, retirement benefits, and other contributions made by the company.
However, not all components of CTC are paid directly to the employee. Some parts are allocated to retirement benefits or statutory contributions. As a result, the actual in-hand salary is always lower than the CTC mentioned in the offer letter.
| Salary Component | Description |
|---|---|
| CTC (Cost to Company) | Total salary package offered by the employer including benefits and contributions. |
| Basic Salary | The core portion of salary on which PF and other benefits are calculated. |
| Provident Fund (PF) | A retirement savings contribution deducted from salary. |
| Professional Tax | A small state government tax applied to salaried employees. |
| In-Hand Salary | The final amount credited to your bank account after deductions. |
The following table shows approximate monthly in-hand salary estimates for different CTC ranges after common deductions such as PF and professional tax.
| Annual CTC | Estimated Monthly In-Hand Salary |
|---|---|
| ₹5,00,000 | ₹36,000 – ₹38,000 |
| ₹10,00,000 | ₹70,000 – ₹75,000 |
| ₹15,00,000 | ₹1,05,000 – ₹1,10,000 |
Using an online CTC to In-Hand Salary Calculator makes it easier to understand your real earnings. Instead of manually calculating deductions, the tool instantly estimates your take-home salary based on standard salary components.
Basic salary forms the foundation of the entire salary structure. Most companies keep the basic salary between 40% to 50% of the total CTC. Other benefits such as provident fund contributions and allowances are calculated based on this component.
House Rent Allowance helps employees cover housing costs. Employees living in rented accommodation can claim tax exemptions on HRA depending on their salary structure and rent paid.
Provident Fund is a retirement savings scheme where both the employer and employee contribute a percentage of the basic salary. The standard employee contribution is usually 12% of basic salary.
Professional tax is imposed by state governments on salaried individuals. The amount varies from state to state but is usually a small monthly deduction from salary.
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