In-hand salary for 24 LPA (FY 2026-27)
A CTC of ₹24 lakh a year works out to about ₹1,58,721 a month in hand under the new tax regime, after PF, professional tax and income tax.
Monthly in-hand salary
₹1,58,721
New regime · ₹19,04,652 a year
- Old regime
- ₹1,41,803 a month
- Income tax (new)
- ₹2,62,548 a year
- Gross pay
- ₹1,90,400 a month
- Your PF
- ₹9,600 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 | ₹24,00,000 | ₹24,00,000 |
| Employer PF | −₹1,15,200 | −₹1,15,200 |
| Gross salary | ₹22,84,800 | ₹22,84,800 |
| Your PF | −₹1,15,200 | −₹1,15,200 |
| Professional tax | −₹2,400 | −₹2,400 |
| Taxable income | ₹22,09,800 | ₹21,17,200 |
| Income tax with cess | −₹2,62,548 | −₹4,65,566 |
| In hand a year | ₹19,04,652 | ₹17,01,634 |
| In hand a month | ₹1,58,721 | ₹1,41,803 |
A month's payslip at 24 LPA
New tax regime, with TDS on income tax spread out evenly across the year.
| Gross pay | ₹1,90,400 |
|---|---|
| Your PF | −₹9,600 |
| Professional tax | −₹200 |
| Income tax (TDS) | −₹21,879 |
| Credited to your bank | ₹1,58,721 |
Professional tax is commonly ₹200 each month (₹300 in one month in certain states), while some states do not charge it.
How different salary structures affect it
The same ₹24 lakh CTC, divided in various ways. Look at your offer letter to see which applies to you.
| Structure | Regime | In hand a month |
|---|---|---|
| Basic pay 40% of CTC, PF on full basic (the figures above) | New | ₹1,58,721 |
| Basic pay 50% of CTC | New | ₹1,54,545 |
| PF capped at ₹1,800 a month (₹15,000 wage ceiling) | New | ₹1,72,293 |
| Employer PF paid on top of the CTC | New | ₹1,65,825 |
| Gratuity (4.81% of basic) included in the CTC | New | ₹1,55,874 |
| No PF deducted | New | ₹1,75,425 |
| ₹1.5 lakh of 80C (PF included) and ₹25,000 of health insurance (80D) | Old | ₹1,43,358 |
Old or new tax regime?
You'll retain more with the new tax regime unless your deductions beyond PF and the standard deduction (such as 80C investments, health insurance, HRA, and home-loan interest) total more than about ₹6,51,000 a year. Beyond this, the old regime may leave you with more.