In-hand salary for ₹15 LPA CTC with a 10% variable bonus component?
On a CTC of ₹15,00,000 a year, your in-hand pay works out to about ₹97,896 a month under the new regime, or ₹82,968 a month under the old regime — the new regime works out better here.
Why in-hand pay is lower than CTC
CTC (Cost to Company) is the full cost of employing you, not what lands in your account. Before you see a rupee, your employer sets aside money for its own contribution to your provident fund and a gratuity provision — both real parts of CTC that never reach your monthly pay. What's left (your gross salary) is then reduced further by income tax, your own PF contribution, and professional tax to arrive at what you actually take home.
How this calculator estimates it
Basic salary is assumed to be a percentage of CTC (commonly 30-50%, default 40% here) since most components — HRA, PF, and gratuity — are calculated off basic, not the full CTC. Employer PF is 12% of basic (or a fixed ₹1,800/month if your employer uses the PF ceiling option for higher earners), and the gratuity provision uses the same 15/26-of-a-month's-basic-per-year rate used in the Payment of Gratuity Act — about 4.81% of basic annually. Tax is calculated under both regimes using the same logic as the Income Tax calculator, so you can see which one leaves you better off on this specific CTC.
What this does not model
This is a good estimate, not a payslip replica. It does not account for LTA, meal or fuel cards, ESOP value, NPS employer contributions under Section 80CCD(2), or the exact timing of variable pay — all of which vary by company and can shift the real number. Professional tax also varies by state (some states charge none); the default here is a common approximate figure, not a lookup for your specific state.
A note on the old regime figure
Your own PF contribution is itself a Section 80C investment under the old regime — it is not automatically subtracted from taxable income before tax is calculated here. If you want an accurate old-regime comparison, include your own PF contribution inside the Section 80C field (up to the ₹1.5 lakh cap) rather than expecting it to be added for you.