What you take home, and which tax regime wins.
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Old regime or new regime?
Type your CTC to see which regime leaves more in your hand, and whether your deductions can make the old one win.
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Provision-by-provision reference (what each regime allows)
₹12 lakh salary: ₹88,276 in hand a month
On a CTC of ₹12,00,000 you take home about ₹88,276 a month (₹10,59,312 a year) under the new regime, after ₹4,800 PF, ₹200 professional tax and ₹0 income tax a month. The new regime saves ₹1,19,910 a year, unless your old-regime deductions add up to more than ₹5,66,912.
Every salary · ₹9 lakh · ₹10 lakh · ₹11 lakh · ₹13 lakh · ₹14 lakh · ₹15 lakh
The ₹12 lakh CTC, month by month
| A year | A month | |
|---|---|---|
| Basic | ₹4,80,000 | ₹40,000 |
| HRA | ₹2,40,000 | ₹20,000 |
| Special allowance | ₹3,99,312 | ₹33,276 |
| Gross pay | ₹11,19,312 | ₹93,276 |
| Employer PF (in the CTC, not paid to you) | ₹57,600 | ₹4,800 |
| Gratuity (in the CTC, paid when you leave) | ₹23,088 | ₹1,924 |
| Your PF (12% of Basic) | −₹57,600 | −₹4,800 |
| Professional tax | −₹2,400 | −₹200 |
| Income tax, new regime | ₹0 | ₹0 |
| In hand | ₹10,59,312 | ₹88,276 |
Basic at 40% of the CTC, HRA half of Basic, employer PF and gratuity inside the CTC, ₹2,400 professional tax, age under 60. Change any of it below or in the in-hand salary calculator.
Old vs new regime at ₹12 lakh
| New regime | Old regime | |
|---|---|---|
| Taxable income | ₹10,44,312 | ₹10,09,312 |
| Income tax and cess, a year | ₹0 | ₹1,19,910 |
| Income tax, a month | ₹0 | ₹9,993 |
| In hand, a month | ₹88,276 | ₹78,284 |
The new regime, by ₹1,19,910 a year, for most people. The old regime wins only when its deductions (the HRA exemption, 80C including your PF, home-loan interest, health insurance and your own NPS) add up to more than ₹5,66,912.
Your own deductions
Questions people ask about a ₹12 lakh salary
What is the in-hand salary on a ₹12 lakh CTC?
About ₹88,276 a month under the new regime: ₹93,276 of gross pay, less ₹4,800 PF, ₹200 professional tax and ₹0 income tax. That assumes Basic at 40% of the CTC with employer PF and gratuity inside it; a larger Basic means more PF and a little less in hand.
How much income tax is paid on a ₹12 lakh salary?
₹0 a year in the new regime (₹0 a month, 0.0% of the CTC), and ₹1,19,910 in the old regime with no deductions beyond PF. Both include the 4% health and education cess.
Is the old or the new tax regime better for ₹12 lakh?
The new regime, by ₹1,19,910 a year, for most people. The old regime wins only when its deductions (the HRA exemption, 80C including your PF, home-loan interest, health insurance and your own NPS) add up to more than ₹5,66,912.
Why is there no tax at ₹12 lakh in the new regime?
Taxable income works out to ₹10,44,312 after the ₹75,000 standard deduction. Up to ₹12,00,000 of taxable income, the rebate (section 156 of the Income-tax Act 2025, formerly 87A) cancels the tax in the new regime.
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