Salary & Retirementv1.1.0Verified Engine

Salary Take-Home & CTC Calculator

Break down your annual Cost to Company (CTC) into monthly gross salary, take-home pay, EPF, professional tax, and income tax deductions.

Formula v1.1.0

Adjust Inputs

Real-Time Update
₹12,00,000
₹
40 %
₹200
₹
Monthly In-Hand Salary85% of CTC
₹84,991

Net salary credited to your bank account

Annual In-Hand Salary
₹10,19,890

From annual CTC of ₹12,00,000

Total Monthly Deductions
₹10,209

PF: ₹4,800 | Tax: ₹5,209 | PT: ₹200

Visual Breakdown

Interactive Graphic
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Detailed Breakdown & Amortization Schedule

Showing 9 of 9 periods

Salary ComponentMonthly AmountAnnual AmountCategory
Basic Salary₹40,000₹4,80,000Earnings
House Rent Allowance (HRA)₹20,000₹2,40,000Earnings
Special / Other Allowances₹35,200₹4,22,400Earnings
Gross Salary (A)₹95,200₹11,42,400Gross Total
Employee Provident Fund (EPF)₹4,800₹57,600Deduction
Professional Tax (PT)₹200₹2,400Deduction
Income Tax (TDS New Regime)₹5,209₹62,510Deduction
Total Deductions (B)₹10,209₹1,22,510Total Deductions
Net Take-Home Pay (A - B)₹84,991₹10,19,890Net Take-Home
Formula, Assumptions & Regulatory Sources
Statutory Notes
  • Employer EPF contribution (12% of Basic) is included in the annual CTC as per standard Indian corporate compensation structures.
  • Income tax deduction is estimated under the default New Tax Regime including the ₹75,000 standard deduction.
Verified Rule Source: Indian Payroll Guidelines & EPF Act (12% of Basic)
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Understanding the Salary Take-Home & CTC Calculator

This calculator provides real-time, mathematically verified computations for Indian tax payers, investors, and businesses. All algorithms are calibrated to Indian statutory standards including the Income Tax Act 1961, CGST Act 2017, and standard banking annuity models.

How It Works

  1. Enter your baseline financial values using the input fields or interactive sliders.
  2. Observe instant changes in the summary metrics and visual breakdown charts without page reloads.
  3. Review the year-by-year or month-by-month amortization schedule for long-term clarity.
  4. Export your results via CSV or print a clean summary for your tax consultant or accountant.
Last updated and verified: October 2024 (Budget 2024 Amendment)