₹12 Lakh CTC In-Hand Salary Calculator (India)
Salary & In-Hand Pay Calculator (India FY 2024-25)
Calculate your exact monthly take-home salary from gross annual CTC after EPF, professional tax, and Indian Income Tax (New Regime).
Total cost-to-company quoted in your offer letter
Standard EPF contribution is 12% of basic salary
State professional tax (typically ₹200/month)
Monthly Take-Home Summary
Annual In-Hand: ₹1,044,074
Retirement savings
Estimated income tax
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About ₹12 Lakh CTC In-Hand Salary Calculator (India)
Understand the exact difference between gross CTC and net in-hand monthly credit for a ₹12 Lakh per annum salary package in India. This preset accounts for the revised Budget 2024 New Tax Regime slabs, ₹75,000 standard deduction, employee PF contributions, and statutory professional tax.
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Frequently Asked Questions: ₹12 Lakh CTC In-Hand Salary Calculator (India)
Clear mathematical answers to key questions, calculations, and loan parameters.
What is the in-hand salary for a 12 LPA CTC in India?
Under the FY 2024-25 New Tax Regime, net monthly in-hand salary for a 12 LPA CTC is typically between ₹84,000 and ₹86,500 after deductions for EPF (₹72,000/yr), professional tax (₹2,400/yr), and income tax TDS.
How much tax is deducted on a 12 Lakh salary under the New Regime?
After applying the ₹75,000 standard deduction and ₹2,400 professional tax deduction, taxable income is ₹11,22,600. The calculated annual income tax including 4% cess is approximately ₹77,500 (approx. ₹6,458/month).
How is EPF calculated on a 12 LPA CTC?
Assuming basic pay is 50% of CTC (₹6,00,000 annually), the employee EPF contribution at 12% is ₹72,000 per year or ₹6,000 per month.