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India•Tax Year FY 2026-27

CTC to In-Hand Salary Calculator

Convert annual CTC into exact monthly in-hand take-home salary with EPF, Professional Tax, and Income Tax TDS deductions.

Schedule FY 2026-27
Input Parameters
₹12,00,000.00
₹
Estimated Tax Liability
₹10,82,400.00
Take-Home Pay:90.2%
Other Deductions / NI:9.8%
Monthly Net₹90,200.00
Total Tax₹0.00
Monthly Tax₹0.00
Weekly Net₹0.00
Step-by-Step Practical Calculations

Worked Calculation Examples (India)

Real-world numerical scenarios showing how statutory tax brackets, deductions, and exemptions are applied step-by-step.

Example 1₹12,00,000.00 CTC

₹12,00,000 CTC to Monthly In-Hand Breakdown

Standard Indian corporate package of ₹12 Lakhs CTC with 50% Basic salary and EPF deduction.

Calculation Breakdown
Monthly Gross Salary₹1,00,000.00
Employee EPF (12% of Basic ₹50k)-₹6,000.00
Professional Tax (PT)-₹200.00
Income Tax TDS (New Regime)₹0.00 (87A Rebate)
Net Monthly In-Hand Pay₹93,800.00
Annual Net Take-Home₹11,25,600.00

Key Takeaway: On ₹12 Lakhs CTC, zero TDS is deducted, delivering ₹93,800/month in-hand after mandatory EPF and PT.

Researched by CalcWorldwide Tax Team
Updated: August 2026 (FY 2026-27)
Statutory Rates Verified
Official Statutory Sourcing (FY 2026-27)

Audited against published schedules under the Income-tax Act, 1961 (as amended by Finance Acts) from Income Tax Department (CBDT).

incometax.gov.in
Calculation Methodology & Legislation

How Your Calculation Works (India • FY 2026-27)

This calculation tool operates strictly in accordance with statutory tax brackets and financial schedules published by Income Tax Department (CBDT) for the FY 2026-27 fiscal tax year (Income-tax Act, 1961 (as amended by Finance Acts)).

CTC is decomposed into Basic Salary, HRA, Special Allowance, Employer/Employee EPF (12% of basic), Professional Tax (₹200/mo), and estimated TDS income tax to calculate net take-home salary.

Core Mathematical FormulaStatutory FY 2026-27
Tax Liability = Progressive Slab Tax (5%–30%) + 4% Health & Education Cess − Section 87A Rebate − Standard Deduction (₹75k)

Statutory Allowances & Deductions

Basic Personal Allowance / Exemption

New Tax Regime standard deduction of ₹75,000 combined with Section 87A rebate provides zero tax liability up to ₹12.75 Lakhs gross for salaried taxpayers.

Reliefs & Allowable Deductions

Under the Old Regime, Section 80C (₹1.5L), Section 80D (health insurance), and HRA Section 10(13A) provide extensive taxable income relief.

Frequently Asked Questions (India)

Monthly In-Hand = (Gross CTC - Employer EPF - Gratuity) / 12 - Employee EPF (12% of Basic) - Professional Tax (₹200/mo) - Monthly TDS (Income Tax).

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