InHandCalc
Salary calculator Income Tax HRA exemption EPF Gratuity SIP
Tools
ITR refund checker Advance tax calculator Rent receipt generator Job offer comparison Salary hike calculator

In-hand salary calculator for FY 2026-27

Enter your annual CTC and get your real monthly take-home — with EPF, professional tax, and income tax calculated under both the new and old tax regimes.

🧾 Filing ITR? Check your refund → ⬇ Free: Monthly budget tracker (Excel) ✨ New to salary? See real stories →

Your salary details

All figures are annual unless noted. Results update instantly.
First job?
💡 Not sure which to pick? New regime is better for most salaried employees and freshers.
Try:
₹3L₹10L₹25L₹50L
This is the total package number on your offer letter. It includes employer PF and all allowances. If your offer shows fixed + variable separately, enter only the fixed part here.
Don't know? Leave at 40% — most common split
Leave at 12% unless you chose to contribute more (VPF)
Leave 0 if your offer letter shows a fixed CTC with no separate bonus
Old regime deductions
Your EPF is auto-included · combined cap ₹1,50,000
Not sure? Use our HRA calculator
You might also need
HRA calculator EPF calculator Income tax calculator Gratuity calculator Compare two offers Salary hike calculator
Monthly take-home
—

Where does your CTC go?

Four deductions happen before salary hits your bank. Most people don't know about all of them.

1
🏦

Employer EPF removed

Your company contributes 12% of your basic to your PF. It's in the CTC number but never touches your bank account.

CTC → Gross salary
2
💰

Your EPF contribution

You also put in 12% of basic. It builds your retirement corpus — you get it all back with interest when you quit or retire.

Grows your PF balance
3
🏛️

Professional tax

A state levy — roughly ₹200/month in Maharashtra, Karnataka, Tamil Nadu. Zero in Delhi, UP, and most other states.

Max ₹2,500/year
4
📋

Income tax (TDS)

Your employer estimates your full-year tax and deducts 1/12th each month — called TDS. This calculator shows you exactly how much.

Deducted at source

New vs old tax regime — FY 2026-27

The new regime is the default and better for most salaried employees. Here's the side-by-side.

✓ Default · Usually better

New Regime

₹12.75L tax-free
  • Lower slabs — 5% to 30%
  • ₹75,000 standard deduction
  • No 80C / 80D / HRA needed
  • Auto-applied if you don't choose
vs

Old Regime

₹5L tax-free
  • Higher slabs — 5% / 20% / 30%
  • ₹50,000 standard deduction
  • Claim 80C, 80D, HRA, home loan
  • Must declare to employer in April

💡 Old regime only wins if your 80C + HRA + home-loan interest + 80D deductions are large. Toggle between regimes above to compare on your exact numbers. Full guide →

Frequently asked questions

Is the new tax regime always better?
Not always. For most salaried people without large deductions, the new regime gives more take-home because of its lower slab rates and higher standard deduction (₹75,000 vs ₹50,000). But if you have a home loan (Section 24b interest up to ₹2L), claim a full ₹1.5L under 80C, and significant HRA, the old regime can come out ahead. The regime comparison callout above your breakdown shows both for your exact numbers — use it to decide.
What is the difference between CTC and in-hand salary?
CTC (cost to company) is the company's total annual spend on you, including the employer's 12% EPF contribution, gratuity provision, and any performance bonus. In-hand salary is what actually reaches your bank account each month after employee EPF (12% of basic), professional tax, and income tax (TDS) are deducted. For a ₹12 lakh CTC, the monthly in-hand amount typically ranges from ₹75,000 to ₹86,000 depending on your basic percentage, state, and tax regime.
What is the income tax-free limit for salaried employees in FY 2026-27?
Under the new tax regime, salaried employees with gross income up to ₹12,75,000 pay zero income tax. The ₹75,000 standard deduction reduces taxable income to ₹12,00,000, and the Section 87A rebate (up to ₹60,000) cancels the tax entirely at that level. Under the old regime, the effective tax-free limit is ₹5,00,000 of taxable income (after all deductions) thanks to the ₹12,500 rebate.
Is employer EPF part of my CTC?
Yes. The employer's 12% EPF contribution is included in your CTC but goes directly to your EPF account, not your monthly salary — which is why CTC is always higher than your gross pay. The employee's matching 12% is additionally deducted from your gross before you receive it. Both contributions build your EPF corpus over time. Use our EPF maturity calculator to see how much you will accumulate by retirement.
Can I change my tax regime mid-year?
Salaried employees declare their regime choice to their employer at the start of each financial year (April). Your employer then deducts TDS accordingly for the entire year. If you do not declare, the new regime is the default. You can switch regimes when filing your ITR (by July 31), regardless of what regime your employer used for TDS — but you will need to pay any resulting additional tax at that point.
Why does my actual payslip differ from this calculator?
This calculator uses standard assumptions: EPF as 12% of basic pay, professional tax as a flat annual amount, and the salaried standard deduction. Your actual payslip may vary because of company-specific allowances (food coupons, transport, leave travel), NPS contributions, or a different EPF calculation method. For high incomes above ₹50 lakh where surcharge applies, this calculator does not model surcharge — this is a known limitation.

Disclaimer: This calculator is for general informational and educational purposes only and does not constitute tax, legal, or financial advice. Tax rules are subject to change and individual circumstances vary. Figures are estimates based on standard assumptions (EPF at 12% of basic, standard professional tax amounts) and may differ from your actual salary slip or tax liability. Surcharge for incomes above ₹50 lakh is not modelled. Please consult a qualified chartered accountant or tax professional before making financial decisions.