CTC to In-Hand Salary Calculator
What is a CTC to In-Hand Salary Calculator?
Calculate your exact monthly net take-home salary from annual CTC (Cost to Company). Breaks down gross salary, Basic Pay, House Rent Allowance (HRA), Employee Provident Fund (EPF), Professional Tax (PT), and Income Tax under old vs new tax regimes.
Why Use This Tool?
- Job Offer Evaluation: Understand how much actual money reaches your bank account each month before accepting a new job offer.
- Tax Planning & Deductions: Calculate monthly EPF contributions, HRA exemption limits, and income tax subtractions.
- Payroll Administration: Provide candidates with clear salary breakups during compensation discussions.
How to Use
- Enter your Annual CTC (e.g. 12,000,000 or $120,000).
- Select Tax Regime (New vs Old Tax Regime) and Basic Salary percentage.
- View itemized monthly take-home salary and annual tax deductions.
Real Working Example
Input:
Annual CTC: $120,000 | Basic Pay: 50% ($60,000) | Regime: New Tax
Output Result:
Monthly Gross: $10,000 | Monthly EPF: $600 | Monthly Tax: $1,250 | Monthly In-Hand: $8,150
Important Technical Details & Formulas
- Statutory Deduction Rules: Calculates Employee PF at 12% of Basic Salary up to statutory wage caps.
- Tax Regime Comparison: Evaluates tax slabs under standard tax regulations.
- 100% Client-Side Privacy: Salary details stay 100% private in browser memory.
Related HR & Recruiting Tools
- Offer Letter Generator: Generate formal compensation offer letters.
- Gratuity Calculator: Compute gratuity payout after tenure.
- Prorated Salary Calculator: Calculate partial month working salaries.
Frequently Asked Questions
What is the difference between CTC and take-home salary?
CTC includes total employer costs (PF, gratuity, insurance); take-home salary is actual net cash credited to your bank after deductions.
How is Employee Provident Fund (EPF) calculated from Basic Pay?
EPF is calculated as 12% of your monthly Basic Salary up to statutory wage caps.
Can I compare Old Tax Regime vs New Tax Regime deductions?
Yes, select New or Old Tax Regime to view comparative tax slab subtractions.
How does House Rent Allowance (HRA) exemption affect take-home pay under Old Tax Regime?
Under Old Tax Regime, HRA exemption reduces taxable income based on actual rent paid, basic pay, and city type.
Why is gross salary different from net monthly in-hand salary?
Gross salary is pre-tax earnings; net in-hand salary subtracts Income Tax (TDS), EPF, and Professional Tax (PT).