Payroll Engine
In-Hand Salary Calculator (CTC to Take-Home)
Convert your annual Cost to Company (CTC) package into an accurate estimate of monthly gross salary, mandatory statutory deductions (EPF and Professional Tax), income tax withholding (TDS), and final in-hand bank credit.
CTC Package Parameters Real-Time
e.g. ₹12,00,000 per annum (₹1 Lakh/month gross).
Standard Industry Salary Modeling Assumptions:
- Basic Salary modeled at 40% of CTC.
- HRA modeled at 50% of Basic.
- Employee Provident Fund (EPF) at 12% of Basic (capped at ₹1,800/mo statutory limit).
- Standard Professional Tax (PT) at ₹200/month (₹2,400/yr).
Monthly In-Hand Breakdown
Estimated Monthly In-Hand Salary
₹ 94,250
Monthly Gross Salary:
₹ 1,00,000
Employee EPF Deduction:
- ₹ 1,800
Professional Tax (PT):
- ₹ 200
Estimated Monthly Income Tax TDS:
- ₹ 3,750
Why In-Hand Salary is Lower Than CTC
Cost to Company (CTC) reflects the total annual expense incurred by the employer on an employee. It encompasses items that you never receive in your monthly pay slip:
- Employer's EPF Contribution (12%): Deducted as employer cost and deposited directly into your EPFO ledger.
- Gratuity Accrual (4.81% of Basic): Held in reserve by the company until you complete 5 continuous years.
- Group Health & Term Insurance Premiums: Corporate insurance coverage paid by the company.