Free Finance Tool
Take Home Salary Calculator
Calculate your exact in-hand salary after all deductions and taxes.
Monthly Take Home
₹0
₹0
Basic/Month
₹0
PF Deduction
₹0
Income Tax
₹200
Prof. Tax
Take Home Salary Calculator: Know Your Exact In-Hand Pay
Our take home salary calculator computes your exact in-hand salary after EPF, professional tax, income tax, and all other deductions from your CTC. Understanding the difference between CTC and take home is crucial for financial planning.
The in-hand salary calculator supports both old and new tax regimes so you can compare which option gives you more take home pay. Enter your CTC and deductions to see your exact monthly and annual in-hand salary.
Take Home = CTC - PF - Professional Tax - Income Tax - Insurance - Other Deductions
Take Home Salary Example (₹12 LPA CTC)
- Basic (40%): ₹4,80,000/year = ₹40,000/month
- HRA (50%): ₹2,40,000/year
- EPF (12%): ₹4,800/month
- Professional Tax: ₹200/month
- Income Tax (Old Regime): ₹5,500/month
- Take Home: ₹29,500/month
Popular Searches
Frequently Asked Questions
What is take home salary?
Take home salary (in-hand salary) is the amount you receive after all deductions from your CTC. Deductions include EPF, professional tax, income tax (TDS), insurance premiums, and other contributions.
CTC vs take home difference?
CTC (Cost to Company) includes all employer expenses: basic, HRA, PF, insurance, bonuses. Take home is CTC minus all deductions. Typically, take home is 60-75% of CTC depending on deductions.
How to calculate in-hand salary?
Start with CTC. Subtract: EPF (12% of basic), professional tax (₹200/month), income tax (based on slab), insurance, and any other deductions. The remainder is your monthly in-hand salary.
What is the new tax regime?
New tax regime (default from 2023-24) offers lower tax rates but no deductions (no 80C, HRA, etc.). Old regime allows deductions but has higher tax rates. Choose based on which saves more tax.
Is PF part of take home?
No, PF is deducted from your salary. Employee contribution (12% of basic) goes to EPF. This is not part of take home. However, employer also contributes 12% (part goes to EPS pension).
How much is professional tax?
Professional tax varies by state: ₹200/month in most states (₹2,400/year). Some states like Maharashtra charge up to ₹2,500/year. Maximum professional tax is ₹2,500 per year under Indian law.