CTC to In-Hand Salary Calculator 2026
Calculate monthly in-hand salary from annual CTC for Indian salary offers, including PF, gratuity, variable pay, and tax estimates.
Written by Anil Gautam · Updated
How does the calculator turn CTC into take-home pay?
It works through the CTC in a fixed order. The variable or bonus share comes off first and the rest is fixed pay. Basic salary is the chosen percentage of that fixed pay. Employer PF is 12% of basic, capped at ₹1,800 a month, which is 12% of the ₹15,000 PF wage ceiling. Gratuity is set aside at 15/26 of one month's basic for each year, about 4.81% of annual basic. Gross salary is fixed pay minus gratuity, and minus employer PF when the box says it is part of CTC.
Your own PF contribution, taken as equal to the employer's, and the estimated income tax then come off gross to give annual take-home, which is divided by 12. Variable pay is counted in taxable income but left out of take-home, so the monthly figure is what remains of fixed pay after PF, gratuity and the whole year's tax.
What does a ₹15 lakh CTC leave in hand?
With the defaults (₹15,00,000 CTC, 10% variable, basic at 50% of fixed, employer PF inside CTC), variable pay is ₹1,50,000 and fixed pay ₹13,50,000. Basic is ₹6,75,000, employer PF ₹21,600 and gratuity ₹32,452, which leaves gross pay of ₹12,95,948. Taxable income is gross plus variable minus the ₹75,000 standard deduction: ₹13,70,948. Slab tax is ₹20,000 + ₹40,000 + ₹25,642 = ₹85,642, and 4% cess makes it ₹89,068. Gross minus employee PF and tax leaves ₹11,85,280 a year, or ₹98,773 a month. Untick the PF box and the monthly figure rises to ₹1,00,293.
Which tax rules does the estimate use?
Tax follows the new regime slabs for FY 2026-27, which Budget 2026 kept the same as FY 2025-26: nil up to ₹4 lakh, then 5%, 10%, 15%, 20% and 25% on each further ₹4 lakh, and 30% above ₹24 lakh. Taxable income up to ₹12 lakh pays nothing, in line with the Section 87A rebate, and 4% health and education cess goes on top. Just above that, marginal relief keeps tax before cess from exceeding the taxable income over ₹12 lakh, which matters up to about ₹12.7 lakh. With no variable pay, a ₹13 lakh CTC leaves ₹1,02,129 a month and ₹13.5 lakh leaves ₹1,04,380. Inside that band each extra rupee of taxable income adds ₹1.04 of tax and cess, so take-home can slip slightly: ₹14 lakh leaves ₹1,04,218.
Some rules are left out. Surcharge above ₹50 lakh and professional tax are not deducted. If your employer takes PF as 12% of full basic, a ₹6,75,000 basic means ₹81,000 a year in place of ₹21,600. The HRA line, 40% of basic, is for reference only, as the new regime has no HRA exemption. To compare both regimes, use Income Tax Calculator India.