In-Hand Salary for ₹15 Lakh CTC (FY 2026-27)
A ₹15 lakh CTC works out to about ₹1,10,819 a month in hand under the new regime, or about ₹1,02,206 under the old regime with a ₹1,50,000 80C claim. Change any input below to see your own number.
Metro for HRA (FY 2026-27): Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Pune, and Ahmedabad
Whether your employer contributes PF on the statutory ₹15,000 ceiling or your full Basic
Your estimated take-home
₹1,10,819 /month
- Gross annual
- ₹14,42,325
- Employer PF
- ₹21,600
- Employee PF
- ₹21,600
- Professional tax
- ₹2,400
- Taxable income
- ₹13,67,325
- Annual tax
- ₹88,503
- In-hand annual
- ₹13,29,822
Which tax regime is better for you?
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Why is your in-hand salary lower than your CTC?
Your CTC (cost to company) is the full amount your employer spends on you every year — but it's not what lands in your bank account. Two things shrink the gap between CTC and in-hand pay: employer deductions that never reach you as cash, and tax on the portion that does.
First, your employer subtracts its own Provident Fund (PF) contribution and a gratuity provision from your CTC before your salary is even calculated — these are statutory benefits paid on your behalf, not cash you receive monthly. Under the EPF scheme, both you and your employer contribute 12% of your Basic pay (subject to a ₹15,000 wage ceiling unless your employer voluntarily contributes on your full Basic). Of your employer's share, 8.33% goes toward your pension (EPS, capped at ₹1,250/month) and the rest builds your PF corpus.
Second, your remaining salary — called Gross — is taxed. Under the new tax regime (the default for FY 2026-27), you get a ₹75,000 standard deduction and pay tax on a simple slab structure, with a rebate that brings your tax to zero if your taxable income is ₹12,00,000 or below. Under the old regime, you get a smaller standard deduction (₹50,000) but can claim HRA exemption if you pay rent, plus deductions under Section 80C (investments like PPF, ELSS, life insurance, up to ₹1,50,000) and Section 80D (health insurance premiums). Which regime leaves you with more in-hand pay depends entirely on how much you can actually claim under the old regime's deductions — for many salaried employees without significant rent or investments, the new regime works out better.
A third, smaller deduction is professional tax — a small state-levied tax (capped at ₹2,500/year by law) that varies by state. A few states, including Delhi, don't levy it at all.
The number that actually matters for your monthly budget is your in-hand pay: your Gross salary, minus your own PF contribution, minus professional tax, minus whatever income tax you owe. That's the figure this calculator shows you — and because it depends on your Basic percentage, your state, your regime choice, and (for the old regime) your rent and investments, it's worth checking against your actual offer letter rather than a rough rule of thumb.
FY 2026-27 · Last updated September 2026
PayClever gives you an informational estimate, not tax, legal, or financial advice — check with a professional before acting on it.
₹15 lakh CTC: where the money goes
Assumptions: 50% Basic, PF on the ₹15,000 wage cap, Karnataka professional tax, below 60, FY 2026-27. The old-regime column assumes a ₹1,50,000 Section 80C claim and no HRA or rent.
| Per year | New regime | Old regime |
|---|---|---|
| CTC | ₹15,00,000 | ₹15,00,000 |
| Employer PF (in CTC, not paid to you) | −₹21,600 | −₹21,600 |
| Gratuity provision (in CTC, not paid to you) | −₹36,075 | −₹36,075 |
| Gross salary | ₹14,42,325 | ₹14,42,325 |
| Your PF contribution | −₹21,600 | −₹21,600 |
| Professional tax | −₹2,400 | −₹2,400 |
| Income tax incl. cess | −₹88,503 | −₹1,91,857 |
| In-hand per year | ₹13,29,822 | ₹12,26,468 |
| In-hand per month | ₹1,10,819 | ₹1,02,206 |
Income tax is the biggest single deduction at this level: ₹88,503 a year under the new regime. See the regime comparison to test your own deductions, or the methodology for the rules used.
Questions about a ₹15 lakh CTC
What is the in-hand salary for ₹15 lakh CTC?
Under the new tax regime in FY 2026-27, about ₹1,10,819 per month (₹13,29,822 a year), assuming 50% Basic, PF on the ₹15,000 wage cap and Karnataka professional tax. Under the old regime with a full ₹1,50,000 Section 80C claim and no rent claimed, it is about ₹1,02,206 per month.
How much income tax do I pay on ₹15 lakh CTC?
About ₹88,503 a year under the new regime (taxable income ₹13,67,325 after the ₹75,000 standard deduction, including 4% cess). Under the old regime with a ₹1,50,000 80C claim it is about ₹1,91,857.
Why is in-hand salary lower than CTC?
CTC includes your employer's PF contribution and a gratuity provision, which never reach you as cash. Income tax, your own PF contribution and professional tax are then deducted from what is left. At ₹15 lakh CTC those add up to ₹1,70,178 a year in the new-regime case.
Which regime gives more take-home at ₹15 lakh CTC?
With only a ₹1,50,000 80C claim and no rent, the new regime leaves you about ₹8,613 a month better off. The old regime can still win if you claim HRA on rent plus 80D, NPS or home-loan interest, so compare your own numbers in the calculator above.
Does PF on actual Basic change my in-hand pay?
Yes. If your employer contributes PF on your full Basic instead of the ₹15,000 wage cap, more of your pay goes into PF: about ₹10,511 a month less in hand at ₹15 lakh CTC, which is money you still own in your PF account.