CTC to in-hand
28 LPA in-hand salary per month
A CTC of ₹28 lakh a year leaves about ₹1,95,645 in hand each month under the new tax regime (FY 2025-26 (AY 2026-27)), after provident fund, professional tax and income tax.
In hand each month
₹1,95,645
- Yearly CTC
- ₹28,00,000
- Employer's PF (inside the CTC)
- − ₹21,600
- Pay that is taxed
- ₹27,78,400
- Your PF
- − ₹21,600
- Professional tax
- − ₹2,400
- Income tax with cess
- − ₹4,06,661
- In hand over a year
- ₹23,47,740
Tax is 14.6% of the pay that is taxed.
If part of the 28 lakh is variable pay
Variable pay is paid once a year, so the monthly salary is lower the more of the CTC it is.
| Variable share | In hand each month | In hand over a year |
|---|---|---|
| None | ₹1,95,645 | ₹23,47,740 |
| 10% | ₹1,79,592 | ₹23,47,744 |
| 20% | ₹1,62,426 | ₹23,47,735 |
| 30% | ₹1,44,568 | ₹23,47,742 |
Work it out with your own numbers
Your basic pay share, provident fund and state professional tax may differ from the usual ones used here. Change them, add a second offer, or work out the CTC you need for a monthly in-hand pay.
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How this is worked out
- Income tax uses the new tax regime (section 115BAC) slabs for FY 2025-26 (AY 2026-27), a standard deduction of ₹75,000, the section 87A rebate and 4% cess.
- Provident fund is 12% of the PF wage, taken on the usual cap of 15,000 a month, with the employer's matching share taken out of the CTC first. Basic pay is taken as 40% of the CTC.
- Professional tax is taken as 2,400 a year; it differs by state.
- Not included: HRA and other old-regime deductions, employer NPS, insurance and other payroll deductions, and income from elsewhere. This is an estimate, not tax advice: your payslip is what counts.
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