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Take-Home Salary Calculator

Calculate your monthly in-hand salary from CTC with all deductions. Results update instantly as you type.

Salary Details

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Your total cost to company per year
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% of CTC included as variable/bonus
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Enter your CTC to calculate take-home salary

About Take-Home Salary Calculator

Take-home salary (also called in-hand salary) is the net amount credited to your bank account after all deductions like PF, professional tax, and income tax are subtracted from your gross salary.

CTC vs Take-Home

CTC (Cost to Company) includes all expenses borne by the employer — basic salary, HRA, allowances, EPF employer contribution, and gratuity. Take-home salary is significantly lower due to deductions from both employee and employer side.

Major Deductions

  • EPF: 12% of basic salary (employee contribution)
  • Professional Tax: Up to ₹2,400/year (state-wise)
  • Income Tax / TDS: As per applicable slab rate
  • Gratuity: 4.81% of basic (employer contribution, part of CTC)

How to Increase Take-Home

  • Choose the tax regime (new/old) that results in lower tax.
  • Claim HRA exemption if you pay rent.
  • Invest in 80C instruments (PPF, ELSS) under old regime.
  • Opt out of EPF if salary is above threshold (check eligibility).

What this take-home salary calculator does

The MONEX MINT take-home calculator converts a CTC offer into the actual monthly amount that lands in your bank account, after subtracting employee PF, professional tax, and income tax (under the old or new regime — whichever you select). It uses FY 2025-26 slabs, the ₹75,000 new-regime standard deduction, the ₹7 lakh 87A rebate, and Health and Education Cess. Indispensable when comparing two job offers, negotiating a salary hike, or simply understanding why "₹15 LPA CTC" does not mean ₹1.25 lakh in your bank every month.

How it's calculated

Gross salary = CTC − Employer PF − Gratuity provision − Other employer-only items
Monthly take-home = (Gross / 12) − Employee PF − Professional tax − (Annual tax / 12)
  • CTC — Cost to Company — the headline number on your offer letter
  • Employer PF — 12% of basic, capped per EPFO rules; counted in CTC, not paid to you
  • Gratuity — 4.81% of basic — provisioned in CTC, paid only after 5 years of service
  • Employee PF — 12% of basic, deducted from your salary every month
  • Professional tax — ₹150-₹200/month in states that levy it; capped at ₹2,500/year

Example: ₹12,00,000 CTC under the new regime (FY 2025-26)

  1. CTC = ₹12,00,000 | Basic 50% of CTC = ₹6,00,000 | HRA, special allowance, etc. = ₹6,00,000
  2. Employer PF (12% of basic) = ₹72,000 | Gratuity provision (4.81% of basic) = ₹28,860
  3. Gross salary in hand = 12,00,000 − 72,000 − 28,860 = ₹10,99,140
  4. Employee PF (12% of basic) = ₹72,000/year | Professional tax (Karnataka) = ₹2,400/year
  5. Taxable income = 10,99,140 − 75,000 (std ded) = ₹10,24,140
  6. New regime tax = 0 + 5%(7−3) + 10%(10−7) + 15%(10.24−10) = 20,000 + 30,000 + 3,621 = ₹53,621 + 4% cess = ₹55,766
  7. Annual take-home = 10,99,140 − 72,000 − 2,400 − 55,766 = ₹9,68,974
  8. Monthly take-home = ₹80,748 (excluding any variable pay or annual bonus)

Result: Monthly in-hand: ~₹80,748 | Annual take-home: ~₹9,68,974 | Total deductions: ~₹2,31,026

Frequently asked questions

How is take-home salary calculated from CTC?
Take-home = CTC − Employer PF − Gratuity − Other employer-only benefits − Employee PF − Professional tax − Income tax. The first two reduce the gross salary the employee actually sees ("in-hand gross"); the next three reduce in-hand gross to monthly net. CTC includes the employer's 12% PF contribution and a 4.81% gratuity provision, which never appear in your bank account.
How much PF is deducted from my salary?
You contribute 12% of your basic salary (plus DA) every month, matched by an equal 12% from your employer (8.33% routed to EPS pension up to wage ceiling, 3.67% to your EPF). Both contributions count in CTC. The mandatory PF wage ceiling is ₹15,000/month, but most employers compute PF on actual basic. You can opt for VPF (Voluntary PF) to top up your contribution beyond 12%.
What is professional tax and how much is it?
Professional tax is a state-levied tax on salaried income, capped at ₹2,500 per year by Article 276 of the Constitution. Karnataka, Maharashtra, West Bengal, Tamil Nadu, Andhra/Telangana and a few others levy it; Delhi, Haryana, UP and Rajasthan do not. Typical monthly deduction is ₹150-₹200 for incomes above ₹15,000-₹25,000. The amount deducted is fully allowed as a deduction from salary in your ITR.
Should I pick the old or new regime to maximise take-home?
The new regime usually wins if you have minimal deductions — its lower slabs and ₹75,000 standard deduction (FY 2025-26) deliver a higher in-hand salary out of the box. The old regime starts winning only when total deductions (80C + 80D + HRA + home loan interest + 80CCD(1B)) cross roughly ₹3.75-4.25 lakh. Run the take-home with both regimes selected before declaring your choice to HR each April.
Why is my actual in-hand less than the calculator shows?
Several factors: (1) variable pay and bonuses are paid quarterly/annually, not monthly; (2) some companies front-load TDS in the first half of the year; (3) employer-side PF and gratuity are correctly excluded from in-hand but may have been counted in your CTC mentally; (4) if you joined mid-year, the standard deduction and 87A rebate are pro-rated; (5) loan recoveries, salary advances and meal-card allocations reduce net pay.
Does increasing basic salary always increase my take-home?
Not always. A higher basic increases your PF contribution (12% of the increment, deducted from salary) and gratuity provision. If your basic moves from 30% of CTC to 50% of CTC, your monthly PF deduction can rise by ₹3,000-₹6,000 — reducing immediate cash flow even though long-term retirement savings grow. Most employers structure basic at 30-50% of CTC to balance compliance, retirement benefit and current take-home.
How is the joining bonus or year-end bonus taxed?
Any bonus is added to your salary income for the month it is paid and taxed at your marginal slab. Employers typically deduct TDS at the highest applicable slab on the entire bonus, which often reduces your in-hand bonus by 30%+ if you fall in the top bracket. The take-home calculator shown above projects an annualised in-hand using a smoothed monthly TDS — your actual bonus-month payout will be lower if TDS is front-loaded.

Related calculators

Income TaxOld vs new regime tax liability calculatorSalary CalculatorBreak CTC into basic, HRA, allowances and PFHRA ExemptionLowest-of-three exemption from rent paidBonus TaxTDS and net bonus after annual tax recompute

Calculation simplifies several edge cases — no LTA, no employer-side NPS, no special allowance bifurcation, no metro-city HRA exemption unless you select the old regime. PF is computed on basic salary; if your employer caps PF at the ₹15K wage ceiling, your actual deduction will be lower.