Take-Home Salary Calculator
Turn an annual CTC into monthly in-hand pay after PF, professional tax and other deductions.
How it works
Gross pay is CTC minus employer PF. Basic and HRA come from the percentages or amounts you enter, and the special allowance is whatever is left of the fixed gross pay. Monthly take-home is fixed gross pay minus employee PF, professional tax, other deductions and one-twelfth of the income tax you entered. Annual take-home adds variable pay.
Gross = CTC − employer PF
Special allowance = Gross − variable − basic − HRA
Monthly take-home = (Gross − variable) / 12 − monthly deductions
Annual take-home = Gross − annual deductionsExample
CTC ₹12,00,000, basic 40% of CTC (₹4,80,000), HRA 50% of basic, PF 12% of basic (₹57,600 a year each for employee and employer), professional tax ₹200 a month. Gross is ₹11,42,400 (₹95,200 a month). Deductions are ₹5,000 a month, so monthly take-home is ₹90,200 and annual take-home is ₹10,82,400.
Common mistakes
- Treating CTC divided by 12 as the in-hand figure. Employer PF is inside CTC but never reaches your bank account.
- Forgetting variable pay is inside CTC. The fixed monthly pay is lower than CTC / 12 when part of CTC is paid out as a bonus.
- Leaving income tax at zero. If tax is deducted from your pay, enter the annual amount, or the take-home here will be too high.
Results are estimates and are for informational purposes only.
About this calculator
Enter your annual CTC and how it is split: basic as a share of CTC (or a rupee amount), HRA as a share of basic (or a rupee amount), PF, professional tax, other deductions and any bonus or variable pay. The calculator shows gross pay, each deduction, monthly take-home from fixed pay and annual take-home including variable pay.
Employer PF is part of CTC but is not paid to you, so gross pay is CTC minus employer PF. Employee PF defaults to 12% of basic, with an option to cap the basic used for PF at ₹15,000 a month. Professional tax defaults to ₹200 a month as an example and varies by state. Income tax is not calculated: you type an annual figure yourself, because slabs and rules change. Gratuity, employer insurance and other items inside your CTC are not modelled. This is not tax or financial advice; check your payslip or offer letter.
Frequently asked questions
What is the difference between CTC and take-home salary?
CTC is the total yearly cost to your employer, including employer PF and any variable pay. Take-home is what reaches your bank account after employee PF, professional tax, income tax and any other deductions.
Why is employer PF taken out of CTC?
The employer's PF contribution is counted in CTC but goes to your PF account, not to you as cash. This calculator therefore treats gross pay as CTC minus employer PF.
How is PF calculated here?
Employee PF is 12% of basic by default. If you turn on the cap, the basic used is limited to ₹15,000 a month, so PF is ₹1,800 a month at 12%. You can also type your own monthly PF amount. Employer PF is the same as employee PF unless you enter a different amount.
Does this calculate my income tax?
No. Tax slabs and rules change and depend on the regime and deductions you claim. Enter the yearly tax figure from your payslip or tax projection, and it is spread evenly across 12 months.
How is bonus or variable pay handled?
Variable pay is treated as part of CTC that is paid once a year. Monthly take-home is for fixed pay only, and annual take-home adds the full variable amount, with no deduction other than the income tax you entered.