In-hand salary · FY 2026-27

In-hand salary for ₹12 LPA CTC

If your offer letter says ₹12 lakh per year (₹12,00,000 CTC), this is what lands in your bank account each month under the standard assumptions below — in both tax regimes, so you can pick the better one on your employer's payroll portal.

Estimated monthly in-hand

₹91,868 per month

under the new tax regime — ₹11,02,412 a year after PF, professional tax and income tax

New tax regime Better for you

₹91,868 / month

Income tax for the year: ₹0

Old tax regime

₹83,142 / month

Income tax for the year: ₹1,04,710

Under these assumptions the new regime is better by ₹8,726 per month (₹1,04,710 per year). Income tax under the new regime is ₹0 at this CTC — the Section 87A rebate wipes out the tax of ₹46,591 (before cess) because taxable income of ₹10,65,912 is within the ₹12,00,000 rebate limit.

Full breakup — new tax regime

Component (annual)	Amount
Annual CTC	₹12,00,000
Less: Employer PF (part of CTC)	₹-36,000
Less: Gratuity (part of CTC, 4.81% of basic)	₹-23,088
Gross salary	₹11,40,912
of which: Basic salary (40% of CTC)	₹4,80,000
of which: HRA (50% of basic — display only, no exemption claimed)	₹2,40,000
of which: Other allowances & special pay	₹4,20,912
Less: Employee PF (your contribution)	₹-36,000
Less: Professional tax (Maharashtra)	₹-2,500
Less: Income tax (after rebate, incl. 4% cess)	₹0
Net annual in-hand	₹11,02,412
Monthly in-hand	₹91,868

Full breakup — old tax regime

Component (annual)	Amount
Annual CTC	₹12,00,000
Less: Employer PF (part of CTC)	₹-36,000
Less: Gratuity (part of CTC, 4.81% of basic)	₹-23,088
Gross salary	₹11,40,912
of which: Basic salary (40% of CTC)	₹4,80,000
of which: HRA (50% of basic — display only, no exemption claimed)	₹2,40,000
of which: Other allowances & special pay	₹4,20,912
Less: Employee PF (your contribution)	₹-36,000
Less: Professional tax (Maharashtra)	₹-2,500
Less: Income tax (after rebate, incl. 4% cess)	₹-1,04,710
Net annual in-hand	₹9,97,702
Monthly in-hand	₹83,142

Assumptions used for this page

Basic salary = 40% of CTC (₹4,80,000). HRA shown as 50% of basic, as a salary-structure component only — no HRA exemption is claimed in the tax calculation.
PF = 12% of basic, capped at the ₹25,000/month wage ceiling, so PF is ₹3,000/month (₹36,000/year) from both employer and employee.
Gratuity = 4.81% of basic, counted inside CTC. Professional tax = Maharashtra (male), ₹2,500/year — ₹200/month with ₹300 in February.
Old regime assumes the full ₹1,50,000 Section 80C deduction is used. New regime uses the ₹75,000 standard deduction and the Section 87A rebate where applicable. Surcharge is not applied.
Your number will differ if your basic %, state, or PF basis differs — use the full calculator with your own values. Full formulas: methodology page.

Why other websites show a different number for ₹12 LPA

For the same CTC, calculators disagree because they silently choose different basic percentages, PF bases (capped vs full basic) and states. A site assuming basic at 50% of CTC with PF on full basic will show a lower monthly figure than this page; a site ignoring gratuity inside CTC will show a higher one. None of them is "wrong" — they are answering different questions. We publish our assumptions above so you can see exactly which question this page answers.

In-hand salary for other CTC levels

Please note: estimates only, from the simplified model described on our methodology page — not tax advice. Your real payslip can differ. Tax rules: FY 2026-27.