Know Your Exact Take-Home Salary
CTC to in-hand salary with Old vs New regime comparison, HRA exemption, PF and full tax breakdown. FY 2024-25.
Salary Details
Total cost to company per year
💡 New regime saves you more — ₹12.1K per year
Monthly take-home
₹1,11,116
₹13,33,386 per year · New Regime
Gross Salary Structure
₹50,000/mo
₹25,000/mo
₹48,200/mo
₹1,23,200/mo
Deductions
Effective tax rate
8.19%
Employer PF (your real cost)
₹21,600
Estimates based on FY 2024-25 tax slabs. Consult a CA for personalised advice.
How Indian salary structure works
Your CTC (Cost to Company) is not what lands in your bank account. It typically includes basic salary (≈40%), HRA (≈20% metro / 16% non-metro), special allowances, and employer PF contribution. The amount you actually receive is gross salary minus employee PF, professional tax, and income tax.
New vs Old Regime: The New Regime (introduced in 2020 and improved in 2023/24) offers lower slab rates but removes most exemptions and deductions. The Old Regime lets you claim HRA, 80C, 80D, LTA, and home loan interest — making it better if your total deductions exceed roughly ₹3.75 lakh.
Frequently asked questions
CTC (Cost to Company) is the total amount a company spends on an employee per year, including salary, employer PF, and benefits. Take-home salary is CTC minus employee PF, professional tax, and income tax.
The New Regime is better if your deductions are low. The Old Regime is better if you have significant deductions: HRA exemption, 80C investments (₹1.5L), 80D health insurance, and home loan interest. Use the calculator to compare both automatically.
The standard deduction is ₹75,000 under the New Regime and ₹50,000 under the Old Regime (enhanced in Budget 2024). It is automatically deducted from gross salary before computing tax.
Under the New Regime, if your taxable income is ₹7 lakh or below, you pay zero income tax due to the 87A rebate. Under the Old Regime, the rebate applies if taxable income is ₹5 lakh or below.
HRA exemption (Old Regime only) is the minimum of: (1) actual HRA received, (2) 50% of basic for metro cities or 40% for non-metro, and (3) annual rent paid minus 10% of basic salary.
Provident Fund (PF) is deducted at 12% of basic salary, capped at ₹15,000 basic (so max ₹1,800/month employee contribution). The employer also contributes an equal amount, which is part of your CTC.
The tax calculations are accurate for central income tax across India. Professional tax varies by state — the calculator uses ₹2,400 per year (₹200/month), which applies to most states like Maharashtra, Karnataka, and West Bengal.
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