₹15 LPA In-Hand Salary Calculator
Detailed monthly gross, EPF deductions, and tax liability for an annual CTC of ₹15,00,000
Salary In-Hand Calculator (India)
Estimate take-home earnings with EPF, Professional Tax, and Income Tax estimates.
Provident Fund & Deductions
Estimated Monthly Take-Home
₹1,04,550
Annual Take-Home: ₹12,54,606
FY 2025-26 Tax slab notes (New Tax Regime)
This calculator follows the standard tax structures of the New Tax Regime in India which includes a standard deduction of ₹75,000 for salaried employees. It applies the newest simplified slabs. Tax rebates under Section 87A are applied so that employees with total taxable income up to ₹7,000,000 pay no taxes.
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Frequently Asked Questions: ₹15 LPA In-Hand Salary Calculator
What is the monthly in-hand pay for a 15 LPA salary?
For 15 LPA CTC under the New Tax Regime, net monthly take-home is roughly ₹1,03,000 to ₹1,07,000 after accounting for EPF and ~₹1.05 Lakh annual tax.
The maths behind the salary in-hand calculator (india)
So you can check the result rather than take it on trust.
The formula
Net In-Hand Salary = Gross CTC − (Employer EPF + Gratuity + Employer Insurance) − (Employee EPF + Professional Tax + Income Tax Deductions)
- Gross Salary = Basic Pay + HRA + Special Allowance + Statutory Bonuses
- Employee EPF = 12% of Basic Pay (capped or uncapped based on employer policy)
- Professional Tax = Flat state slab (e.g. ₹200/month in Karnataka/Maharashtra)
- Income Tax (TDS) = Monthly tax liability under New Regime (Sec 115BAC) or Old Regime
Worked example
Annual CTC of ₹15,00,000 under the New Tax Regime (FY 2025-26).
- Gross CTC
- ₹15,00,000 / year (₹1,25,000 / month)
- Basic Pay (40%)
- ₹6,00,000 / year
- Employee EPF (12% of Basic)
- ₹72,000 / year (₹6,000 / month)
- Standard Deduction (Sec 16(ia))
- ₹75,000 (New Regime)
- Taxable Income
- ₹15,00,000 − ₹75,000 = ₹14,25,000
- Income Tax (New Slabs)
- ₹1,27,500 + 4% Cess = ₹1,32,600 / year
- Professional Tax
- ₹2,400 / year (₹200 / month)
Estimated Take-Home Salary: ₹98,900 to ₹1,02,000 per month.
Many employees expect ₹15 Lakhs ÷ 12 = ₹1,25,000 per month, but deductions (PF, Gratuity, Taxes, PT) account for ₹23,000–₹26,000 monthly.
Where this calculation usually goes wrong
Confusing CTC (Cost to Company) with Gross Salary
Employer PF contribution (12%), Gratuity provision (4.81%), and employer group health insurance are part of CTC but never appear in your bank account.
Default New Tax Regime vs Old Regime choice
From FY 2023-24 onwards, Section 115BAC (New Tax Regime) is the default. If you have substantial deductions (80C, 80D, HRA, home loan interest), compare both regimes before filing your investment declarations.
Statutory Authorities & Official References
Regulatory standards, published statutory gazettes, and official research governing this computation.
Income Tax Act 1961 - Section 115BAC (Concessional Tax Rates)
Finance (No. 2) Act, 2024 (Updated Slabs & ₹75,000 Standard Deduction)
Employees' Provident Funds and Miscellaneous Provisions Act, 1952
Statutory Contribution Norms (12% Employee + 12% Employer EPF)
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