In-hand salary calculator & Excel download

CTC (cost to company) is the total expense your employer incurs for employing you. It includes components like employer EPF, gratuity, insurance, and bonuses — none of which reach your bank account as monthly salary.

In-hand salary (also called take-home salary or net salary) is what you actually receive after all deductions: employee EPF, professional tax, and income tax (TDS). For most employees, in-hand salary ranges between 65-80% of CTC, depending on the salary structure and tax regime.

There is no universal answer. The new regime works better if you do not claim many deductions (80C, 80D, HRA, etc.) or if your annual income is below ₹12 lakh (effectively tax-free under the new regime due to the Section 87A rebate).

The old regime may be better if your total deductions under 80C, 80D, HRA exemption, home loan interest, and other sections exceed ₹3.75-5 lakh. Use the toggle in this calculator to compare both and decide based on your actual numbers.

Under the new tax regime, salaried individuals and pensioners get a standard deduction of ₹75,000 per year. Under the old regime, the standard deduction remains ₹50,000. This deduction is available automatically — you do not need to provide proof or invest anywhere to claim it.

Both employer and employee contribute 12% of the employee's basic salary to EPF. For most organisations, the contribution is calculated on a maximum basic salary of ₹15,000/month — meaning the maximum monthly EPF contribution is ₹1,800 each from employer and employee. Some companies (especially larger ones or those with higher basic salary structures) contribute on the full basic without this cap.

Of the employer's 12% contribution, 8.33% goes to EPS (Employee Pension Scheme) and 3.67% goes to EPF.

Professional tax is levied in about 21 states and union territories, including Karnataka, Maharashtra, West Bengal, Telangana, Andhra Pradesh, Tamil Nadu, Kerala, Gujarat, Madhya Pradesh, Odisha, Assam, and others. The maximum annual PT allowed under the Constitution is ₹2,500.

States that do not levy professional tax include Delhi, Uttar Pradesh, Haryana, Rajasthan, Punjab, Uttarakhand, Himachal Pradesh, and Jammu & Kashmir. If you work in one of these states, your PT deduction is zero.

Yes, for resident individuals under the new regime in FY 2025-26. If your total taxable income (after the ₹75,000 standard deduction) is up to ₹12 lakh, you are eligible for a full rebate under Section 87A of up to ₹60,000. This effectively makes your tax liability zero.

For salaried individuals, this means salary income up to ₹12,75,000 (₹12L + ₹75K standard deduction) is effectively tax-free under the new regime. This rebate does not apply to NRIs or to income taxed at special rates (like capital gains).

This calculator provides a simplified estimate. It does not account for employer ESI contributions (applicable if gross salary is below ₹21,000/month), gratuity (typically included in CTC for employees with 5+ years of service), perquisites, LTA exemption, or surcharge on very high incomes (above ₹50 lakh). For precise payroll calculations, consult your HR team or use greytHR's payroll software which handles all statutory complexities automatically.

You can optimise your in-hand salary by restructuring salary components (discuss with your employer), choosing the tax regime that results in lower tax, maximising eligible deductions under the old regime (if that works out cheaper), ensuring your HRA exemption is correctly computed, and declaring investments and proofs on time so your employer adjusts TDS monthly instead of deducting higher tax upfront.

Yes — click "Download salary breakup (.xlsx)" in the calculator above to get your exact CTC-to-in-hand breakup as an Excel file, with both new and old regime sheets, ready to save or share. It uses the same numbers you entered above, so there's nothing extra to fill in. Prefer a blank editable template instead? Try our downloadable take-home salary calculator.