In-Hand Salary for 17 LPA (FY 2026-27)
A CTC of ₹17 lakh a year works out to about ₹1,18,203 a month in hand under the new tax regime, after PF, professional tax and income tax.
Monthly in-hand salary
₹1,18,203
New regime · ₹14,18,430 a year
- Old regime
- ₹1,05,522 a month
- Income tax (new)
- ₹1,15,970 a year
- Gross pay
- ₹1,34,867 a month
- Your PF
- ₹6,800 a month
Assumes basic pay of 40% of CTC, PF of 12% of basic from you and your employer inside the CTC, ₹2,400 a year of professional tax, no other income and no deductions beyond PF. For a salaried person under 60.
Breakdown for a year
| Per year | New regime | Old regime |
|---|---|---|
| CTC | ₹17,00,000 | ₹17,00,000 |
| Employer PF | −₹81,600 | −₹81,600 |
| Gross salary | ₹16,18,400 | ₹16,18,400 |
| Your PF | −₹81,600 | −₹81,600 |
| Professional tax | −₹2,400 | −₹2,400 |
| Taxable income | ₹15,43,400 | ₹14,84,400 |
| Income tax with cess | −₹1,15,970 | −₹2,68,133 |
| In hand a year | ₹14,18,430 | ₹12,66,267 |
| In hand a month | ₹1,18,203 | ₹1,05,522 |
A month's payslip at 17 LPA
Under the new tax regime, income tax (TDS) is evenly divided over the year.
| Gross pay | ₹1,34,867 |
|---|---|
| Your PF | −₹6,800 |
| Professional tax | −₹200 |
| Income tax (TDS) | −₹9,664 |
| Credited to your bank | ₹1,18,203 |
Professional tax is generally ₹200 each month (₹300 in one month in certain states), while some states don't charge it at all.
The effect of salary structure on your pay
The ₹17 lakh CTC can be divided in various ways. Refer to your offer letter to see which applies.
| Structure | Regime | In hand a month |
|---|---|---|
| Basic pay 40% of CTC, PF on full basic (the figures above) | New | ₹1,18,203 |
| Basic pay 50% of CTC | New | ₹1,15,068 |
| PF capped at ₹1,800 a month (₹15,000 wage ceiling) | New | ₹1,27,408 |
| Employer PF paid on top of the CTC | New | ₹1,23,833 |
| Gratuity (4.81% of basic) included in the CTC | New | ₹1,15,902 |
| No PF deducted | New | ₹1,30,633 |
| ₹1.5 lakh of 80C (PF included) and ₹25,000 of health insurance (80D) | Old | ₹1,07,951 |
Old or new tax regime?
The new regime benefits you more unless your deductions beyond PF and the standard deduction (like 80C investments, health insurance, HRA, home-loan interest) total over ₹4,90,000 annually. Beyond that amount, the old regime benefits you more.