In-Hand Salary Calculator (FY 2026-27)
Convert your annual CTC package into exact monthly take-home pay with deductions for EPF, Professional Tax, and New Tax Regime TDS.
Salary Package & Deductions
Estimated Monthly In-Hand Salary (Bank Credit)
₹₹1,19,663.07
Annual In-Hand Take-Home: ₹₹14,35,956.80
Tax Optimization Tip:
Standard deduction of ₹75,000 has been applied under Union Budget FY 2026-27 rules.
CTC to Net Take-Home Salary Equation
All calculations on InvestResearch India execute with 28-digit precision arithmetic via decimal.js, eliminating floating-point drift and adhering to statutory regulatory conventions.
Example: ₹15,00,000 Annual CTC for a Salaried Employee in Mumbai
Annual CTC: ₹15,00,000 | Basic Pay: 40% (₹6,00,000) | Regimes: New Tax Regime FY 2026-27
1. Gross Salaried Income: ₹14,28,000 (after employer EPF & gratuity reserve) 2. Standard Deduction: ₹75,000 | Taxable Income: ₹13,53,000 3. Tax Calculation: - Up to ₹4L: NIL - ₹4L to ₹8L @ 5%: ₹20,000 - ₹8L to ₹12L @ 10%: ₹40,000 - ₹12L to ₹13.53L @ 15%: ₹22,950 - Total Tax + 4% Health & Ed Cess = ₹86,268 4. Monthly In-Hand = [ ₹14,28,000 - ₹72,000 (EPF) - ₹2,500 (PT) - ₹86,268 (Tax) ] / 12 = ₹1,05,586
Statutory Tax Framework (Union Budget FY 2026–27)
Under FY 2026-27 Union Budget provisions, salaried individuals earning up to ₹7.75 Lakhs gross incur zero tax under the New Tax Regime (₹75,000 standard deduction + Section 87A rebate on ₹7.0 Lakhs taxable income).
Frequently Asked Questions
What is the difference between CTC and Take-Home Salary?
Cost to Company (CTC) includes direct payouts as well as employer costs like Employer EPF contribution (12%), Gratuity accrual (4.81%), and group health insurance premiums. Take-home salary is what is deposited into your bank account after employee EPF, professional tax, and monthly tax TDS.
Is EPF contribution mandatory for high earners?
If your basic salary is above ₹15,000/month at the time of joining, opting into EPF is voluntary by agreement between employee and employer. However, once enrolled, contributing 12% of basic pay is standard.