Estimates your monthly in-hand pay from annual CTC, after employee PF and estimated income tax (new regime). Actual structure varies by company — this is a simplified estimate.
Your CTC (Cost to Company) includes several components that never actually reach your bank account — most notably the employer's contribution to your Provident Fund, which is a cost to the company but not cash you receive directly. Your actual gross salary is CTC minus these employer-side contributions, and your take-home pay is that gross salary minus your own PF contribution and income tax.
This calculator uses a simplified assumption (basic salary as roughly 50% of CTC, employee PF matching employer PF) since exact salary structures vary significantly between companies — your actual offer letter breakup (basic, HRA, special allowance, bonuses, professional tax) will give a more precise figure.
CTC includes employer PF contribution, gratuity provision, insurance premiums, and other benefits that are a 'cost' to the company but don't show up as cash in your monthly pay — plus your own PF contribution and income tax are deducted before you receive your salary.
Yes, in states that levy it (like Maharashtra, Karnataka, West Bengal) — it's usually a small fixed monthly amount (up to ₹200/month typically), deducted directly from your salary.
Sometimes — restructuring your salary (e.g., opting into tax-saving allowances, or choosing the tax regime that suits your deduction profile) can increase your net in-hand pay even at the same CTC. Talk to your HR/payroll team about available options.