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)
₹20 lakh salary: ₹1,33,558 in hand a month
On a CTC of ₹20,00,000 you take home about ₹1,33,558 a month (₹16,02,690 a year) under the new regime, after ₹8,000 PF, ₹200 professional tax and ₹13,703 income tax a month. The new regime saves ₹1,76,310 a year, unless your old-regime deductions add up to more than ₹6,61,085.
Every salary · ₹17 lakh · ₹18 lakh · ₹19 lakh · ₹21 lakh · ₹22 lakh · ₹23 lakh
The ₹20 lakh CTC, month by month
| A year | A month | |
|---|---|---|
| Basic | ₹8,00,000 | ₹66,667 |
| HRA | ₹4,00,000 | ₹33,333 |
| Special allowance | ₹6,65,520 | ₹55,460 |
| Gross pay | ₹18,65,520 | ₹1,55,460 |
| Employer PF (in the CTC, not paid to you) | ₹96,000 | ₹8,000 |
| Gratuity (in the CTC, paid when you leave) | ₹38,480 | ₹3,207 |
| Your PF (12% of Basic) | −₹96,000 | −₹8,000 |
| Professional tax | −₹2,400 | −₹200 |
| Income tax, new regime | −₹1,64,430 | −₹13,703 |
| In hand | ₹16,02,690 | ₹1,33,558 |
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 ₹20 lakh
| New regime | Old regime | |
|---|---|---|
| Taxable income | ₹17,90,520 | ₹17,17,120 |
| Income tax and cess, a year | ₹1,64,430 | ₹3,40,740 |
| Income tax, a month | ₹13,703 | ₹28,395 |
| In hand, a month | ₹1,33,558 | ₹1,18,865 |
The new regime, by ₹1,76,310 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 ₹6,61,085.
Your own deductions
Questions people ask about a ₹20 lakh salary
What is the in-hand salary on a ₹20 lakh CTC?
About ₹1,33,558 a month under the new regime: ₹1,55,460 of gross pay, less ₹8,000 PF, ₹200 professional tax and ₹13,703 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 ₹20 lakh salary?
₹1,64,430 a year in the new regime (₹13,703 a month, 8.2% of the CTC), and ₹3,40,740 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 ₹20 lakh?
The new regime, by ₹1,76,310 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 ₹6,61,085.
Other salaries: ₹17 lakh · ₹18 lakh · ₹19 lakh · ₹21 lakh · ₹22 lakh · ₹23 lakh · every salary from ₹3 lakh to ₹2 crore
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