In-Hand Salary Calculator (2026)
Calculate your exact monthly in-hand take-home salary from annual CTC for New vs Old Tax Regime with EPF, Standard Deduction, and tax breakdown.
Understanding CTC vs. In-Hand Salary in India
When you receive a job offer letter, the headline figure is your Cost to Company (CTC). However, the amount credited to your bank account at the end of each month is your Net Take-Home (In-Hand) Salary.
The difference between CTC and In-Hand Salary comes from two primary statutory categories:
- Retirement & Social Security (EPF): 12% of your Basic Salary is contributed to the Employees' Provident Fund (EPF), which accumulates with high tax-free interest for your retirement.
- Taxes (TDS & Professional Tax): Income Tax calculated as per your chosen tax regime, plus monthly state Professional Tax (typically ₹200/month in Maharashtra, Karnataka, West Bengal, Telangana, etc.).
New vs. Old Tax Regime Slabs (Budget 2024-2026)
Under the Union Budget 2024 revision of the New Tax Regime (Section 115BAC), tax slabs are structured as follows:
| Income Slab (New Regime) | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil (0%) |
| ₹3,00,001 to ₹7,00,000 | 5% |
| ₹7,00,001 to ₹10,00,000 | 10% |
| ₹10,00,001 to ₹12,00,000 | 15% |
| ₹12,00,001 to ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
*Salaried employees receive a flat ₹75,000 Standard Deduction. With Section 87A rebate, annual taxable income up to ₹7,00,000 (total CTC up to ₹7.75 Lakhs) pays zero tax.
Frequently Asked Questions
CTC includes statutory contributions made by the company (like employer EPF, gratuity, and insurance) that are not paid as direct monthly cash. Additionally, Employee EPF (12% of basic), Professional Tax, and Income Tax (TDS) are deducted before money is credited to your bank.