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CTC
The full employer cost, including non-cash and deferred components such as employer PF and gratuity.
Free salary calculator for India
Turn CTC into a number you can actually use.
Estimate monthly in-hand salary from your annual CTC, see where PF, gratuity and tax go, and compare the new and old tax regimes.
Start with one number
Your annual CTC
See an instant annualized estimate of what could reach your bank account each month.
Popular CTC amounts
Estimated monthly in-hand
₹77,974
Average monthly take-home under the new regime
Annual take-home₹9,35,691
Monthly gross₹79,774
Effective tax rate0%
Tax regime comparison
Choose the higher estimate
New tax regime
₹9,35,691
annual take-home
Income tax₹0
Old tax regime
₹8,37,975
annual take-home
Income tax₹97,717
The money trail
CTC → take-home
Annual CTC₹12,00,000
Employer components− ₹2,42,709
Gross salary₹9,57,291
Tax + deductions− ₹21,600
Take-home₹9,35,691
Detailed breakdown
- Annual gross salary
- ₹9,57,291
- Monthly gross salary
- ₹79,774
- Income tax
- ₹0 New regime
- Employee PF
- ₹21,600
- Employer PF
- ₹21,600 Included in CTC
- Gratuity
- ₹2,20,913 Included in CTC
- HRA
- ₹1,53,167 Included in gross
- Professional tax
- ₹0 Chhattisgarh
- Variable compensation
- ₹0
- Other deductions
- ₹0
- Total deductions
- ₹21,600
₹195 of this CTC is not assigned to a named employer component. Add it to fixed salary, variable pay, PF or gratuity in Advanced Options if your offer letter lists it.
Rules used: FY 2026–27 / AY 2027–28
Estimate only for a resident salaried individual below age 60 with salary income: rules shown are for FY 2026–27 / AY 2027–28. Actual payroll can vary by employer policy, state professional tax, PF wage limits, exemptions, investment deductions and bonus timing.
Start with the basics
What is CTC?
CTC, or Cost to Company, is the annual amount an employer spends on your employment. It can include fixed pay, variable pay, employer PF, gratuity, insurance and other benefits.
Because some CTC components are not paid as monthly cash, CTC is usually higher than both gross salary and in-hand salary. Your offer letter or salary annexure is the best source for the exact components.
Three numbers, three meanings
CTC vs gross salary vs in-hand salary
02
Gross salary
The salary before employee-side tax and deductions. Fixed and variable pay typically sit here.
03
In-hand salary
The amount left after income tax, employee PF, professional tax and other payroll deductions.
The calculation
How in-hand salary is calculated
Gross salary = CTC − employer components
In-hand = Gross salary − tax − employee deductions
This calculator annualizes the result, then divides annual take-home by 12 to show a monthly average. If your bonus is paid once a year, the monthly payslip will not match that average every month.
What sits in CTC
PF and gratuity explained
Employer PF and gratuity are generally CTC components rather than extra monthly cash. Employee PF is a deduction from your salary. The default PF helper uses 12% of basic up to the standard wage ceiling, while the gratuity estimate uses 15/26 of monthly basic per year.
Tax rules used
Old vs new tax regime
The new regime is the default and uses simpler slabs. The old regime can benefit people with eligible deductions and exemptions. Add old-regime deductions in Advanced Options to make the comparison more personal.
| Assumption | New regime | Old regime |
|---|---|---|
| Standard deduction | ₹75,000 | ₹50,000 |
| Lowest slab | 0% to ₹4 lakh | 0% to ₹2.5 lakh |
| 87A rebate | Up to ₹60,000 to ₹12 lakh | Up to ₹12,500 to ₹5 lakh |
| Cess | 4% | 4% |
Worked example
Example salary breakdown for ₹12 LPA
Annual CTC
₹12,00,000
Annual gross
₹9,57,291
Annual tax + deductions
₹21,600
Annual take-home
₹9,35,691
This example uses the calculator defaults: no variable pay, basic salary at 40% of fixed salary, PF enabled, gratuity estimated from basic salary and no automatic professional-tax assumption. Change these in Advanced Options for your offer letter.
Quick reference
Common CTC-to-in-hand examples
Illustrative defaults; not separate calculator pages.
| Annual CTC | Estimated monthly in-hand | Higher regime |
|---|---|---|
| ₹5,00,000 | ₹30,586 | New |
| ₹10,00,000 | ₹64,435 | New |
| ₹12,00,000 | ₹77,974 | New |
| ₹15,00,000 | ₹98,284 | New |
| ₹20,00,000 | ₹1,22,614 | New |
| ₹25,00,000 | ₹1,49,717 | New |
| ₹30,00,000 | ₹1,75,032 | New |
Questions, answered
CTC to in-hand salary FAQs
What is the difference between CTC and in-hand salary?
CTC is the total annual cost an employer budgets for you, including employer PF and gratuity. In-hand salary is what remains after employee PF, income tax, professional tax and other payroll deductions are taken from gross salary.
Does this calculator include variable pay?
Yes. Variable pay or an annual bonus can be entered in Advanced Options. It is annualized in gross salary and take-home, so the monthly result is an average; actual monthly credit may be lower when the bonus is paid later or only if targets are met.
Which tax regime is better for salary?
The calculator compares the new and old regimes using the salary and deductions entered. The higher estimated take-home is highlighted. The old regime can be more useful when you have eligible deductions such as 80C or 80D; the new regime has simpler slabs and a higher standard deduction.
How are PF and gratuity treated in CTC?
Employer PF and gratuity are employer-side components of CTC, so they reduce the gross salary available for monthly pay. Employee PF is deducted from gross salary. The calculator uses your entered amounts, with defaults based on statutory-style PF and the 15/26 gratuity estimate.
Is HRA automatically exempt from income tax?
No. HRA exemption depends on rent paid, salary, city and supporting conditions. This calculator shows HRA in the salary structure but does not assume an exemption without those details. Enter eligible old-regime deductions if you want a broader old-regime estimate.
How accurate is the salary calculator?
It is an estimate for a salaried employee with salary income only. Payroll rounding, state professional tax schedules, PF wage definitions, bonus timing, HRA eligibility, benefits and other income can change the actual payslip and tax liability.
More clarity, less guesswork
Need to calculate tax on an invoice too? Use the GST calculator, or browse all of our free tools.