24 LPA in hand salary
A CTC of ₹24,00,000 gives approximately ₹1,58,721 per month in hand under the FY 2026-27 new tax regime — ₹19,04,652 for the year after income tax of ₹2,62,548, employee EPF of ₹1,15,200 and professional tax of ₹2,400.
Assumes basic = 40% of CTC, employer PF inside CTC, no gratuity in CTC, ₹2,400/year professional tax. Change any of these below to match your offer letter. FY 2026-27 rules, verified 3 Sep 2026 — see the methodology.
24 LPA at a glance
| FY 2026-27 | New regime | Old regime |
|---|---|---|
| Monthly in hand | ₹1,58,721 | ₹1,38,808 |
| Annual in hand | ₹19,04,652 | ₹16,65,691 |
| Income tax for the year | ₹2,62,548 | ₹5,01,509 |
| Effective tax rate on gross | 11.9% | 22.5% |
| Gross salary | ₹22,84,800 | |
| Employee EPF (12% of basic) | ₹1,15,200 a year, ₹9,600 a month | |
Rent and HRANo rent declared
Deductions (old regime)₹2,02,400 allowed
Tax and profilePT ₹2,400/yr · age 30
- Gross/month
- ₹1,90,400
- Income tax/month
- ₹21,879
- EPF + PT/month
- ₹9,800
- Effective tax
- 11.9%
What this salary means
Computed from your numbers, nothing sent anywhere- New regime saves₹1,92,161/yrOld regime tax would be ₹4,54,709 even after ₹2,02,400 of deductions.Open calculator
- HRA unused₹3,84,000You receive HRA but declared no rent. Add your rent to see the old regime exemption.Open calculator
- EPF corpus at 60₹4,60,10,800Your 12% and the employer share compounding at 8.25% with 5% annual raises, starting from age 30.Open calculator
- Home loan you can carry₹73,15,822An EMI of ₹63,488 (40% of in hand) at 8.5% over 20 years.
- Gratuity after 5 years₹2,30,76915 days of basic for every year served, tax free up to ₹20 lakh. Paid on top of CTC when you leave.Open calculator
- Among tax filerstop 3%Gross salary of ₹22,84,800 sits above 97% of income tax returns filed in India.
- In hand₹1,58,72179.4%
- Income tax₹21,87910.9%
- Employee PF₹9,6004.8%
- Professional tax₹2000.1%
- Employer PF₹9,6004.8%
- New regime₹1,58,721/month
- Old regime₹1,42,708/month
At 24 L ctc (your figure)
| Component | Per month |
|---|---|
| Cost to company | ₹2,00,000 |
| Basic | ₹80,000 |
| House rent allowance | ₹32,000 |
| Employer EPF, retained for you | − ₹9,600 |
| Gross salary | ₹1,90,400 |
| Income tax, cess and surcharge | − ₹21,879 |
| Employee EPF | − ₹9,600 |
| Professional tax | − ₹200 |
| Total in hand | ₹1,58,721 |
| Gross salary | ₹1,90,400 |
| Standard deduction | − ₹6,250 |
| Taxable income | ₹1,84,150 |
| Income tax + cess | − ₹21,879 |
| Employee PF | − ₹9,600 |
| Professional tax | − ₹200 |
| Monthly in hand | ₹1,58,721 |
| Gross salary | ₹1,90,400 |
| Standard deduction | − ₹4,167 |
| Section 80C | − ₹12,500 |
| Professional tax 16(iii) | − ₹200 |
| Taxable income | ₹1,73,533 |
| Income tax + cess | − ₹37,892 |
| Employee PF | − ₹9,600 |
| Professional tax | − ₹200 |
| Monthly in hand | ₹1,42,708 |
Where the tax comes from
Taxable income is ₹22,09,800, which reaches the 25% slab. Every extra rupee is taxed at 26% including cess, while the effective rate on gross is 11.9%.
When the old regime wins
You would need at least ₹7,66,000 of old-regime deductions a year — 80C, HRA exemption, home loan interest, 80D combined — before the old regime pays more than the new. Below that, the new regime saves ₹2,38,961 a year.
Hike to the next rung
Reaching 25 LPA is a 4.2% hike and adds ₹5,471 a month in hand. Dropping to 23 LPA costs ₹5,471 a month. Check any percentage on the hike calculator.
24 LPA is taxed at 25% at the margin
Taxable income of ₹22,09,800 reaches the 25% slab, so each extra rupee loses 26% to tax and cess. Of the next ₹1 lakh of CTC you keep ₹65,648. The next step, where the 30% slab starts, comes at a CTC of about ₹26,00,000.
Employer NPS at 14% of basic (₹1,34,400 a year) saves ₹66,820 a year in tax. Because the contribution comes out of your CTC, monthly in hand changes by −₹5,632 a month, but the money lands in your retirement account instead of the tax department.
| Lever at 24 LPA | Effect |
|---|---|
| Next ₹1 lakh of CTC | ₹65,648 a year in hand |
| Basic at 50% instead of 40% | −₹4,176 a month in hand, the difference goes to EPF |
| Employer NPS at 14% of basic | ₹66,820 less tax a year, −₹5,632 a month in hand |
24 LPA in hand by state
Professional tax is a state levy, so the monthly figure moves by a few hundred rupees with your work location. Full table on the professional tax by state page.
| Work state | Professional tax | Monthly in hand |
|---|---|---|
| Karnataka | ₹2,400 a year | ₹1,58,721 |
| Maharashtra | ₹2,500 a year | ₹1,58,713 |
| Telangana | ₹2,400 a year | ₹1,58,721 |
| Tamil Nadu | ₹2,500 a year | ₹1,58,713 |
| West Bengal | ₹2,400 a year | ₹1,58,721 |
| Gujarat | ₹2,400 a year | ₹1,58,721 |
| Delhi, Haryana, UP (no PT) | None | ₹1,58,921 |
Nearby CTCs
Every CTC from 3 to 100 LPA on one page: the in hand salary table.
Convert CTC to monthly take home for FY 2026-27 after income tax, EPF and professional tax, with the new and old regime compared side by side.