In-hand salary for 2 LPA (FY 2026-27)
A CTC of ₹2 lakh a year works out to about ₹14,867 a month in hand under the new tax regime, after PF, professional tax and income tax.
Monthly in-hand salary
₹14,867
New regime · ₹1,78,400 a year
- Old regime
- ₹14,867 a month
- Income tax (new)
- ₹0 a year
- Gross pay
- ₹15,867 a month
- Your PF
- ₹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 | ₹2,00,000 | ₹2,00,000 |
| Employer PF | −₹9,600 | −₹9,600 |
| Gross salary | ₹1,90,400 | ₹1,90,400 |
| Your PF | −₹9,600 | −₹9,600 |
| Professional tax | −₹2,400 | −₹2,400 |
| Taxable income | ₹1,15,400 | ₹1,28,400 |
| Income tax with cess | −₹0 | −₹0 |
| In hand a year | ₹1,78,400 | ₹1,78,400 |
| In hand a month | ₹14,867 | ₹14,867 |
A month's payslip at 2 LPA
Under the new tax regime, income tax (TDS) is spread out evenly throughout the year.
| Gross pay | ₹15,867 |
|---|---|
| Your PF | −₹800 |
| Professional tax | −₹200 |
| Income tax (TDS) | −₹0 |
| Credited to your bank | ₹14,867 |
Professional tax is generally ₹200 per month, but it can be ₹300 in one month in some states, while other states don't charge it at all.
How the salary structure affects it
The same ₹2 lakh CTC can be divided in different ways. See your offer letter to know which one you have.
| Structure | Regime | In hand a month |
|---|---|---|
| Basic pay 40% of CTC, PF on full basic (the figures above) | New | ₹14,867 |
| Basic pay 50% of CTC | New | ₹14,467 |
| PF capped at ₹1,800 a month (₹15,000 wage ceiling) | New | ₹14,867 |
| Employer PF paid on top of the CTC | New | ₹15,667 |
| Gratuity (4.81% of basic) included in the CTC | New | ₹14,546 |
| No PF deducted | New | ₹16,467 |
| ₹1.5 lakh of 80C (PF included) and ₹25,000 of health insurance (80D) | Old | ₹14,867 |
Old or new tax regime?
At this salary level, the new regime doesn't charge income tax, so you get at least as much as with the old regime, no matter what deductions you have.
In-hand salary near 2 LPA
Jobs paying around ₹16,000 a month
8 open jobs on Daily Hirer advertise a pay range that reaches within 15% of this monthly gross pay.
- Junior Financial Analyst Indore · ₹15,000–25,000 a month
- Junior Financial Analyst Ghaziabad · ₹15,000–25,000 a month
- Software Developer Kota · ₹15,000–25,000 a month
- Administrative Assistant Udaipur · ₹18,000–25,000 a month
- Digital Marketing Associate Bhopal · ₹10,000–15,000 a month
- Customer Support Associate Remote · ₹15,000–25,000 a month