In-Hand Salary Calculator – CTC to Monthly Salary Calculator
Use this free In-Hand Salary Calculator to convert your CTC into the monthly salary you actually take home. Enter your annual CTC to see your gross salary, PF, professional tax and estimated income tax, and the in-hand amount per month.
CTC always looks bigger than your payslip because it includes employer costs you never receive monthly. This calculator breaks down every deduction so you can compare job offers and plan your monthly budget with confidence.
Table of Contents
What is an In-Hand Salary Calculator?
An In-Hand Salary Calculator converts your CTC into the salary you actually receive each month. It is a simplified estimator with these assumptions printed openly: Basic = 40% of CTC; Employer PF = 12% of Basic; Gratuity = 4.81% of Basic; Gross = CTC – Employer PF – Gratuity; Employee PF = 12% of Basic; Taxable = Gross – Employee PF – Rs 50,000 standard deduction, old-regime slabs + 4% cess; Professional tax Rs 2,400/yr.
Estimate only — the new regime may give a higher in-hand; your payslip is final.
How to Use the In-Hand Salary Calculator (Step by Step)
- Enter annual CTC from your offer letter.
- Press Calculate.
- Check the assumptions — a different Basic % changes the result.
- Use the monthly figure as an estimate.
Example Calculation
CTC Rs 6,00,000 → Basic Rs 2,40,000; Gross Rs 5,59,656/yr; income tax (est.) Rs 12,005; In-hand Rs 5,16,451/year = Rs 43,038/month.
Features
- Full deduction breakup.
- Assumptions printed on page.
- Old-regime estimate.
- Free, instant.
Benefits
- Offer-letter reality check.
- Job-offer comparison.
- Monthly budgeting.
Final Thoughts
Before you accept an offer, check the monthly figure here, not just the CTC headline. For wider planning, also try the TDEE Calculator and the HRA Calculator.
Frequently Asked Questions (FAQs)
Why is in-hand salary less than CTC divided by 12?
CTC includes employer PF and gratuity, which you do not receive monthly, and your own PF, professional tax and TDS are deducted from gross salary.
Is gratuity paid every month?
No. Gratuity is a lump sum payable after 5 years of service, but companies include its yearly cost inside CTC.
Which tax regime does this use?
The simplified old-regime slabs with standard deduction. The new regime has different slabs and may give a higher in-hand for many people.
Why might my actual in-hand differ?
Companies use different Basic percentages (40-50 percent of CTC), different professional tax by state, and variable pay – so treat this as a close estimate, not a payslip.