24 LPA in-hand salary for FY 2026-27
A CTC of ₹24 lakh a year works out to about ₹1,58,721 a month in hand under the new tax regime, after PF, professional tax and income tax.
Monthly in-hand salary
₹1,58,721
New regime · ₹19,04,652 a year
- Old regime
- ₹1,41,803 a month
- Income tax (new)
- ₹2,62,548 a year
- Gross pay
- ₹1,90,400 a month
- Your PF
- ₹9,600 a month
Assumes basic pay of 40% of CTC, PF of 12% of basic from you and your employer inside the CTC, ₹2,400 a year of professional tax, no other income and no deductions beyond PF. For a salaried person under 60.
Breakdown for a year
| Per year | New regime | Old regime |
|---|---|---|
| CTC | ₹24,00,000 | ₹24,00,000 |
| Employer PF | −₹1,15,200 | −₹1,15,200 |
| Gross salary | ₹22,84,800 | ₹22,84,800 |
| Your PF | −₹1,15,200 | −₹1,15,200 |
| Professional tax | −₹2,400 | −₹2,400 |
| Taxable income | ₹22,09,800 | ₹21,17,200 |
| Income tax with cess | −₹2,62,548 | −₹4,65,566 |
| In hand a year | ₹19,04,652 | ₹17,01,634 |
| In hand a month | ₹1,58,721 | ₹1,41,803 |
A month's payslip at 24 LPA
In the new tax regime, income tax (TDS) is divided equally throughout the year.
| Gross pay | ₹1,90,400 |
|---|---|
| Your PF | −₹9,600 |
| Professional tax | −₹200 |
| Income tax (TDS) | −₹21,879 |
| Credited to your bank | ₹1,58,721 |
Professional tax is typically ₹200 each month (₹300 in one month in some states), though some states do not charge it at all.
How the Salary Structure Affects It
The same ₹24 lakh CTC can be split in various ways. Look at your offer letter to see which structure applies to you.
| Structure | Regime | In hand a month |
|---|---|---|
| Basic pay 40% of CTC, PF on full basic (the figures above) | New | ₹1,58,721 |
| Basic pay 50% of CTC | New | ₹1,54,545 |
| PF capped at ₹1,800 a month (₹15,000 wage ceiling) | New | ₹1,72,293 |
| Employer PF paid on top of the CTC | New | ₹1,65,825 |
| Gratuity (4.81% of basic) included in the CTC | New | ₹1,55,874 |
| No PF deducted | New | ₹1,75,425 |
| ₹1.5 lakh of 80C (PF included) and ₹25,000 of health insurance (80D) | Old | ₹1,43,358 |
Old or new tax regime?
With the new regime, you receive more unless your deductions beyond PF and the standard deduction (like 80C investments, health insurance, HRA, home-loan interest) are over ₹6,51,000 a year. Above this amount, the old regime may give you more.