Salary In-Hand Calculator – CTC Breakup Calculator
Calculate your monthly in-hand take-home salary from your gross Cost to Company (CTC) with complete EPF, Professional Tax, and TDS deduction splits.
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Understanding Salary CTC Breakups & Take-Home Salary
Cost to Company (CTC) is the gross budget allocated by an employer for an employee. It includes basic pay, allowances (HRA, LTA, medical), bonus metrics, and employer contributions to EPF and gratuity.
Your monthly in-hand take-home salary is Gross Salary minus deductions like Employee EPF contribution (12% of basic), Professional Tax (capped at ₹2,500/year), and monthly TDS based on your tax regime.
Frequently Asked Questions (FAQ)
1. Why is my take-home salary much lower than my CTC?
CTC includes non-cash items (like free medical insurance or cab facilities) and statutory retirement benefits (like employer EPF and gratuity) which are deducted before salary credit.
2. Is LTA tax exempt?
Leave Travel Allowance (LTA) is tax-exempt for domestic travel expenses of the employee and their family twice in a block of 4 calendar years.