Salary Calculator
Estimate your monthly and annual take-home pay from your CTC.
- Gross salary (CTC − employer PF)
- ₹14,28,000.00
- Less: employee PF
- -₹72,000.00
- Less: professional tax
- -₹2,400.00
- Less: income tax
- -₹86,268.00
- Annual take-home
- ₹12,67,332.00
- Take-home
- ₹12,67,332.00
- Employee PF
- ₹72,000.00
- Professional tax
- ₹2,400.00
- Income tax
- ₹86,268.00
A simplified estimate for FY 2026-27 (AY 2027-28) — real CTC structures vary by employer (gratuity provision, NPS, allowances, variable pay). PF is computed on basic salary. Taxable income is gross less the ₹75,000 standard deduction (the new regime disallows professional tax and most other deductions). Employee PF is not deducted from taxable income automatically — include it in your other deductions under the old regime if you want it counted toward 80C. Old-regime slabs assume an individual below 60. Rates are revised by the annual budget — verify before relying on this.
Independent · No commissions · No fund-house data — how the numbers are computed
How it works
This calculator turns an annual CTC (cost to company) into monthly and annual take-home pay. It splits CTC into basic salary and provident fund contributions, subtracts the employer's PF share to get gross salary, then deducts employee PF, professional tax and income tax — computed at FY 2026-27 (AY 2027-28) rates under your chosen regime — to arrive at what actually lands in your account.
The tax step applies the standard deduction the regime allows — ₹75,000 under the new regime, ₹50,000 under the old, as this calculator applies for FY 2026-27. Under the old regime, professional tax is also deductible (§16(iii)) and you can add other deductions such as 80C; the new regime disallows these. PF is computed on basic salary, with both employee and employer shares adjustable from the conventional 12%.
The result is an estimate, not a payslip. Real CTC structures vary by employer — gratuity provision, NPS contributions, allowances and variable pay all shift the split — and the calculator assumes the whole CTC apart from employer PF is paid as salary. It shows where every rupee of gross salary goes: take-home, employee PF, professional tax and income tax.
Frequently asked questions
Why is my take-home so much less than my CTC?
CTC counts everything an employer spends on you, not what you receive. The employer's PF contribution (typically 12% of basic) never appears in your bank account, your own PF share (another 12% of basic) is saved rather than paid out, professional tax is deducted by the state, and income tax is withheld monthly. On a ₹15 lakh CTC with a 40% basic, PF alone accounts for roughly ₹1.44 lakh a year across both shares before tax is even applied.
What is the standard deduction on salary for FY 2026-27?
For FY 2026-27 (AY 2027-28), as this calculator applies, salaried taxpayers get a standard deduction of ₹75,000 under the new regime and ₹50,000 under the old regime, subtracted from gross salary before tax is computed. No bills or proofs are needed — it applies automatically to salary income. Under the old regime, professional tax paid is additionally deductible under §16(iii); the new regime disallows it.
Is employee PF deducted from taxable income?
Only under the old regime, and only as part of the 80C limit. Employee PF contributions qualify for the ₹1.5 lakh 80C deduction, so under the old regime they can reduce taxable income if claimed. Under the new regime, 80C is not available, so employee PF reduces take-home but not taxable income. This calculator does not auto-count PF toward deductions — under the old regime, include it in other deductions yourself to avoid double-counting.
What is professional tax and how much is it?
Professional tax is a state-level tax on employment, deducted by the employer from monthly salary. Rates vary by state and are capped at ₹2,500 a year by the Constitution; ₹2,400 a year (₹200 a month) is a common figure in states like Maharashtra and Karnataka, and some states levy none. Under the old regime it is deductible from salary income under §16(iii); the new regime does not allow the deduction.
Does a higher basic salary percentage mean lower take-home?
Generally yes, holding CTC constant. PF contributions are computed as a percentage of basic salary, so a higher basic (say 50% of CTC instead of 40%) means larger employee and employer PF deductions, which reduce cash in hand while increasing retirement savings. HRA and gratuity also scale with basic. A lower basic raises take-home but shrinks the PF corpus and, under the old regime, can reduce the HRA exemption available.
Go further
The FY 2026-27 slab computation this calculator runs on your taxable salary.
How much of your HRA escapes tax under the old regime.
Where those monthly PF deductions end up by retirement.
The other deferred payout hiding inside your CTC.