💵 Income Tax Calculator
Calculate in-hand net take-home salary, employer/employee PF, and estimated annual income tax liabilities.
| Component | Monthly | Annual |
|---|
What is the difference between CTC and take-home (in-hand) salary?
CTC (Cost to Company) represents the absolute total cost an employer incurs to hire and retain an employee on an annual basis, including basic pay, allowances, employer PF shares, and non-cash perks. Take-home salary is the net cash deposited directly into your bank account monthly, after deducting income tax (TDS), professional tax, and provident fund shares. If you are comparing job offers side-by-side, use our Job Offer Comparison Calculator.
How is standard deduction applied for FY 2024-25?
For the Financial Year 2024-25, a flat standard deduction of ₹75,000 is automatically deducted from your annual taxable income under the New Tax Regime (raised from ₹50,000). Under the Old Tax Regime, it remains ₹50,000.
Why does employer PF reduce my take-home salary?
In India, standard EPF rules require both the employee and the employer to contribute 12% of the basic salary. Since the employer's contribution is part of your overall CTC package, both contributions effectively reduce the amount available for net cash components, lowering your monthly cash take-home.