In-hand salary for ₹24 lakh CTC

What a ₹24 lakh CTC means each month after PF, professional tax and income tax for FY 2026-27, under both tax regimes.

Last reviewed

In-hand, new regime₹1,68,725per month
In-hand, old regime₹1,49,221per month, no extra deductions
Income tax, new regime₹2,71,877per year
PF savings₹3,600per month, yours + employer's

Your CTC

As written in your offer letter.

₹
₹1 L₹1 Cr
% of CTC
20%70%
Variable pay / bonusYearly amount included in the CTC₹
Tax regime
Employer PF12% of basic
Gratuity in CTC4.81% of basic
Professional taxYearly; ₹0 in states without it₹

Your take-home pay

New tax regime, FY 2026-27.

In-hand salary₹1,68,725per month
Income tax₹22,656TDS per month
PF savings₹3,600Yours + employer's
Where your CTC goes
  • In-hand salary84%₹1,68,725
  • Income tax11%₹22,656
  • Your PF contribution1%₹1,800
  • Employer PF contribution1%₹1,800
  • Gratuity (paid when you leave, after 5 years)2%₹4,810
  • Professional tax0%₹208
  • The new regime gives you ₹19,505 more a month than the old regime.
  • A ₹1 lakh raise in CTC adds about ₹6,018 a month to your in-hand pay.

Salary structure

Typical split of your CTC; your employer's may differ. Yearly in-hand includes any bonus after tax.

ComponentMonthlyYearly
Basic salary₹1,00,000₹12,00,000
House rent allowance (HRA)₹50,000₹6,00,000
Special allowance₹43,390₹5,20,680
Gross salary₹1,93,390₹23,20,680
Employer PF₹1,800₹21,600
Gratuity₹4,810₹57,720
Cost to company (CTC)₹2,00,000₹24,00,000
Less: your PF− ₹1,800− ₹21,600
Less: professional tax− ₹208− ₹2,500
Less: income tax (TDS)− ₹22,656− ₹2,71,877
In-hand salaryNew regime₹1,68,725₹20,24,703

The details

₹24 lakh CTC salary breakup

A typical structure for a ₹24 lakh CTC (₹24,00,000 a year) in the new regime. The new regime gives the higher take-home pay with no extra deductions.

ComponentMonthlyYearly
Basic salary₹1,00,000₹12,00,000
House rent allowance₹50,000₹6,00,000
Special allowance₹43,390₹5,20,680
Gross salary₹1,93,390₹23,20,680
Employer PF₹1,800₹21,600
Gratuity₹4,810₹57,720
Your PF− ₹1,800− ₹21,600
Professional tax− ₹208− ₹2,500
Income tax (new regime)− ₹22,656− ₹2,71,877

In-hand salary: ₹1,68,725 a month (₹20,24,703 a year).

How basic pay changes your in-hand salary

A higher basic raises gratuity and, if PF is on full basic, PF. With PF on the ₹15,000 ceiling:

Basic salaryMonthly in-handMonthly PF (total)
40% of CTC₹1,69,437₹3,600
50% of CTC₹1,68,725₹3,600
60% of CTC₹1,68,013₹3,600

Compared with nearby CTCs

CTCMonthly in-handMonthly tax
₹19 lakh₹1,37,584₹13,134
₹20 lakh₹1,44,025₹14,825
₹22 lakh₹1,56,689₹18,427
₹24 lakh₹1,68,725₹22,656
₹25 lakh₹1,74,744₹24,771
₹28 lakh₹1,91,776₹32,138
₹30 lakh₹2,02,967₹37,213

Change any assumption in the calculator above, or check the income tax on a ₹24 lakh salary.

Frequently asked questions

What is the in-hand salary for a ₹24 lakh CTC?

About ₹1,68,725 a month in the new tax regime for FY 2026-27, assuming basic pay at 50% of CTC, PF on the ₹15,000 wage ceiling, gratuity included in the CTC and ₹2,500 professional tax. In the old regime with no deductions beyond PF it is about ₹1,49,221.

How much income tax is deducted on a ₹24 lakh CTC?

About ₹2,71,877 a year (₹22,656 a month as TDS) in the new regime, and about ₹5,05,933 in the old regime with no deductions beyond PF.

How much PF is deducted on a ₹24 lakh CTC?

With PF on the ₹15,000 wage ceiling, you and your employer each contribute ₹1,800 a month. If your employer calculates PF on your full basic, each side becomes ₹12,000 a month and your in-hand pay falls by the difference.

How can I take home more on a ₹24 lakh CTC?

Ask whether PF can be on the wage ceiling, add employer NPS contributions (tax-free in both regimes up to a limit), and, if you pay rent and invest under 80C, compare the old regime, which allows HRA exemption.

Related

Results are estimates for illustration, not tax or financial advice.